Ghana’s banking sector has remained “resilient with strong capital and liquidity buffers, despite the global shocks from COVID-19 and geopolitical tensions in the past few years,” Governor Ernest Addison has said.

According to him, the latest data from the sector indicates “improved performance notwithstanding the impact of the Domestic Debt Exchange Programme (DDEP) on the balance sheet of banks.”

Dr Addison said in the first half of 2024, the banking sector performance “pointed to continued recovery from the impact of the DDEP.”

Total banking sector assets grew by 33.3 per cent to GH¢323.1 billion as of the end of June 2024, relative to 21.2 per cent growth as of the end of June 2023, he compared.

He said, “Profitability, liquidity, and efficiency indicators also improved over the period.”

The Capital Adequacy Ratio (CAR), adjusted for reliefs, remained unchanged at 14.3 per cent, between June 2023 and June 2024. Without reliefs, the CAR was reported at 10.6 per cent in June 2024, higher than the 7.4 per cent recorded in June 2023, Dr Addison added when he spoke at the recently held annual general meeting of the Ghana Association of Banks.