2024 Q1-Q2: Ghana's banking sector assets increase 33.3% to GH₵323.2bn, driven by deposit growth; profits rise 25.5%.
In the first half of 2024, Ghana's banking sector saw a 33.3% increase in total assets, reaching GH₵323.2 billion, driven by strong deposit growth. Profits also rose, though at a slower rate of 25.5%. The sector displayed healthy financial indicators, but ongoing recapitalization and strict credit standards are necessary for sustained performance. The growth in foreign assets was notable, while domestic assets and investments also increased significantly.
September 09, 2024
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