Ghana’s banking sector performance continues to improve, Bank of Ghana Governor Johnson Asiama has said.

Briefing journalists on Friday, 28 March 2025 following the 123rd regular meeting of the Monetary Policy Committee (MPC) held in the week to assess recent economic developments and risks to the inflation outlook, Dr Asiama said total bank assets recorded 34.0 per cent growth at the end of February 2025 relative to 12.1 per cent growth, in the same period last year.  

With regulatory reliefs, the central bank noted that the banking industry’s Capital Adequacy Ratio (CAR) was higher at 14.4 per cent compared to 13.6 per cent in the same period last year.

Without reliefs, CAR was 12.1 per cent, he compared.

The Governor noted that the industry’s Non-Performing Loan (NPL) ratio declined to 22.6 per cent in February 2025 from 24.6 per cent in February 2024.

Excluding the loans in the loss category, which are “fully provisioned,” Dr Asiama said the NPL ratio as of the end of February 2025 was 8.9 per cent.

Overall, he said the Financial Soundness Indicators showed “broad improvements in asset growth, solvency, liquidity, efficiency, and profitability.”

Dr Asiama, however, noted that credit risks within the banking sector remain “elevated,” as underscored by increased non-performing loan ratios.

He said the central bank’s latest macroprudential risk assessment indicates some moderation in systemic risks on the back of improved solvency, liquidity, efficiency, and profitability.