Financial sector assets rose to GH¢647 billion in 2025 – BoG

The Bank of Ghana says total assets within Ghana’s financial sector increased significantly in 2025, reflecting improved stability and resilience across the industry.

The announcement was made during the maiden launch of the 2025 Financial Stability Report held at Bank Square in Accra on Thursday.

The speech of Governor Johnson Pandit Asiama was delivered on his behalf by Second Deputy Governor Mrs Matilda Asante-Asiedu.

According to the Governor, the sector recorded strong growth despite challenges linked to recent macroeconomic shocks and debt restructuring pressures.

“On the back of the improved macroeconomic gains in 2025, Ghana’s financial sector experienced growth and resilience in 2025,” the statement said.

Dr Asiama disclosed that total financial sector assets expanded sharply within the year under review.

“Total financial sector assets expanded by 23.2% to GH¢647.25 billion, equivalent to 45.1% of GDP,” he stated.

The Governor indicated that the growth reflected improving conditions within the banking and financial industries as regulators worked to sustain stability.

“In addition, and more importantly, the financial sector was more resilient, bolstered by strong profitability and solvency positions across all four financial industries,” he added.

The Financial Stability Report, which is an annual publication of the Financial Stability Advisory Council, assesses developments within Ghana’s financial system and outlines measures aimed at addressing emerging risks.

Dr Asiama explained that the 2025 edition was themed “From Stress to Stability, Staying on Course,” highlighting the sector’s recovery from previous economic difficulties.

“The theme reflects how the financial sector has navigated through the twin stresses of macroeconomic shocks and debt restructuring risks over the past few years, to the current state of stability,” he noted.

He also pointed to ongoing regulatory reforms intended to strengthen oversight within the sector.

“These initiatives include the implementation of the framework for conglomerate supervision, which is aimed at strengthening oversight of financial groups with cross-sectoral activities,” the speech stated.

The Governor assured stakeholders that regulators would continue collaborating to preserve financial stability and support long-term growth within Ghana’s financial system.