The Governor, Dr. Johnson Asiama has narrated how the team led by him has navigated macroeconomic imbalances, a pandemic, and the Domestic Debt Exchange Programme, while maintaining financial stability, recounting “the past decade, Ghana’s banking sector has faced and overcome some of the most difficult challenges in our economic history”.
He said, that resilience to achieve the current macroeconomic stability was not accidental-it reflects discipline, sacrifice, and partnership, the collective effort of banks, regulators, and industry leaders working toward a single goal: restoring confidence.
“Today, that foundation has been firmly secured as evident in our most recent industry data from August. The sector’s capital adequacy ratio stands at 18.28 per cent, well above the regulatory minimum. Non-performing loans have eased to 20.77 per cent, while deposits have grown by over 17 per cent year-on-year, despite a decline in cedi-denominated balances due to currency appreciation”.
Delivery his keynote address at the 42nd Annual General Meeting of the Ghana Association of Banks & Launch of Gh Bankers’ Voice Magazine under the theme: Evolving Dynamics of the Banking Industry: From Stability to Innovation on October 23, 2025 Dr. Johnson Asiama mentioned that profitability has also improved, with return on equity rising to 32.21 per cent and return on assets reaching 5.64 per cent, up from 31.36 per cent and 4.94 per cent, respectively, in 2024.
He stressed these figures reflect renewed confidence, strengthened balance sheets, and the system’s growing resilience, as at September, inflation fell sharply to 9.4 per cent, its lowest level in four years, down from 23.8 per cent in December 2024. The Bank of Ghana’s extensive open market operations absorbed nearly GHS65 billion in excess liquidity, helping anchor inflation expectations, even at short-term cost to the Bank’s balance sheet.
According to him, the cedi has also regained strength, appreciating by roughly 37 per cent year to date as at October, while gross reserves now stand at US$10.7 billion, covering over four and a half months of imports as at August. Growth is recovering too.
“The Real GDP rose to 6.3 per cent in Q2 2025, driven by services, agriculture, and a resurgent non-oil sector. Beneath these numbers lies a quiet but powerful story of credibility restored – through tighter liquidity control, gold monetization, and transparent rules-based monetary policy”, he mentions.
