Ghana’s banking sector posts GH¢15.0bn profit in 2025, marking 43.5% growth

Banks in Ghana recorded a total profit of GH¢15.0 billion in 2025, up from GH¢10.4 billion in 2024, representing a strong 43.5% year-on-year increase.

According to the Banking Sector Developments report, this growth surpassed the 26.2% expansion recorded in the previous year. Profit before tax (PBT) also rose significantly, increasing by 38.4% in December 2025 compared to 24.4% in December 2024.

With the exception of other income which saw a stronger growth rate in 2025 than in 2024 all major income streams expanded, although at a slower pace in December 2025 relative to the same period last year.

Net interest income growth moderated to 16.4% in 2025, down from 18.0% in 2024. This slowdown reflected reduced growth in interest income, largely due to declining lending rates and lower returns on money market instruments during the review period.

Fees and commissions grew by 9.5% in 2025, a sharp drop from the 25.8% growth recorded in 2024.

On the cost side, slower growth in expenses helped cushion the impact of reduced income growth. Operating expenses increased by 14.0% in December 2025, compared to 22.0% in 2024, reflecting more moderate increases in staff and non-staff costs.

Provisions for depreciation, bad debts, and impairment losses on financial assets contracted sharply by 57.1% in December 2025, compared to an 11.7% decline in December 2024.

Return on Assets and Return on Equity

The sector’s profitability indicators strengthened in December 2025, supported by higher profit before and after tax.

Return on Assets (ROA) improved to 5.7% in December 2025 from 5.0% a year earlier. Meanwhile, Return on Equity (ROE) remained steady at 30.8% over the same comparative period.