Total banking deposits stood at GH¢302.0bn in October 2025, however foreign currencies deposits gotten smaller through 21% – Life Pulse Daily
Editor-in-chiefJanuary 17, 20265 Mins read52
Ghana Banking Sector Report 2025: Total Deposits Hit GH¢302bn, Forex Deposits Fall 21%
According to the November 2025 Banking Sector Development Report, the overall banking deposits in Ghana stood at GH¢302.0 billion on the finish of October 2025. While the whole deposit base confirmed resilience, the record highlights a vital divergence in efficiency between home forex holdings and foreign currencies deposits.
Introduction
The Ghanaian banking achievement has demonstrated outstanding resilience within the first ten months of 2025, with overall deposits crossing the GH¢300 billion mark. However, a more in-depth take a look at the knowledge finds a transferring panorama pushed through macroeconomic components, specifically change fee developments. This research explores the efficiency of the banking achievement, specializing in deposit sales strategy, the contraction of foreign currencies holdings, and the power of shareholders’ finances.
Understanding those movements is an important for buyers, policymakers, and financial observers. The moderation in sales strategy charges from the former 12 months suggests a stabilizing market system, whilst the decline in foreign currencies deposits indicators a shift in forex choice amongst depositors, in large part influenced through the appreciation of the Ghana Cedi.
Key Points
- Total Deposits: GH¢302.0 billion as of October 2025.
- Year-on-Year Growth: 8.9%, a vital moderation from the 38.7% recorded in October 2024.
- Foreign Currency Deposits: Contracted through 21.1% to GH¢71.3 billion.
- Shareholders’ Funds: Grew through 41.0% to GH¢53.5 billion.
Background
To totally admire the present figures, it is very important to take a look at the trajectory of the Ghanaian banking achievement during the last 12 months. The achievement has navigated a posh financial surroundings characterised through inflationary pressures, financial coverage changes, and change fee volatility.
In October 2024, the banking achievement skilled an explosive sales strategy in deposits, pushed in large part through high-interest charges and liquidity injections. However, the commercial stipulations in 2025 have shifted. The Bank of Ghana has applied measures to stabilize the native forex, which has had a right away affect on how depositors set up their belongings.
Evolution of Deposit Growth
The drop from a 38.7% sales strategy fee in October 2024 to eight.9% in October 2025 signifies a normalization of the deposit base. While the headline quantity looks as if a slowdown, a single-digit sales strategy in a stabilizing market system is steadily seen as sustainable moderately than stagnant. The number one motive force of this sales strategy stays home deposits, indicating sustained self belief within the native banking infrastructure.
Analysis
The knowledge from the November 2025 record provides a nuanced view of the monetary well being of Ghana’s banks. The interaction between home and foreign currencies deposits supplies perception into the macroeconomic local weather.
The Contraction of Foreign Currency Deposits
The maximum putting statistic within the record is the 21.1% contraction in foreign currencies deposits, bringing the overall to GH¢71.3 billion. This is a reversal from the 39.8% sales strategy recorded in the similar length remaining 12 months.
This contraction is basically attributed to the appreciation of the Ghana Cedi (GHS). When the native forex strengthens towards main buying and selling currencies like the United States Dollar, the Cedi worth of current foreign currencies deposits decreases. Additionally, a more potent Cedi incentivizes people and companies to transform foreign currencies holdings into Cedis to benefit from higher buying energy or upper rates of interest on Cedi-denominated tools.
Moderation in Total Deposit Growth
The 8.9% year-on-year sales strategy in overall deposits displays a extra solid liquidity surroundings. Unlike the former 12 months, which will have been pushed through panic hedging towards inflation or forex depreciation, the 2025 figures recommend a go back to basic banking behaviors. Domestic deposits stay the spine of this sales strategy, highlighting the significance of retail and company banking relationships throughout the nation.
Strengthening Shareholders’ Funds
Shareholders’ finances, comprising paid-up asset allocation and reserves, grew through 41.0% to GH¢53.5 billion. This is a strong determine, even supposing it’s rather not up to the 49.5% sales strategy observed in October 2024. The sales strategy is attributed to 2 major components:
- Strong Profit Outturn: Banks have maintained profitability regardless of the converting financial panorama.
- Recapitalization Efforts: Ongoing efforts through banks to strengthen their asset allocation buffers have contributed considerably to the sales strategy in shareholders’ finances.
This build up in asset allocation is a good sign of the achievement’s solvency and its skill to take in possible shocks.
Practical Advice
For people and companies interacting with the banking achievement in Ghana, those movements be offering actionable insights.
For Depositors
With the appreciation of the Cedi, maintaining foreign currencies deposits has grow to be much less sexy in relation to Cedi valuation. However, diversification stays key. Depositors must imagine:
- Reviewing Currency Exposure: If you dangle important USD or EUR accounts, assess the affect of Cedi appreciation to your overall wealth.
- Exploring High-Yield Cedi Accounts: With home deposits using sales strategy, banks are competing for native forex. Look for aggressive rates of interest on financial savings and stuck deposits.
For Investors
The sales strategy in shareholders’ finances signifies a more fit banking achievement. Investors must take a look at banks that experience effectively expanded their asset allocation base and maintained sturdy method margins. The stabilization of the Cedi additionally reduces the forex chance related to making an investment in Ghanaian equities.
For Borrowers
A more potent Cedi and a solid rate of interest surroundings (steadily correlated with deposit sales strategy) can affect lending charges. While lending charges are sticky downwards, the enhanced liquidity place of banks would possibly create chances for negotiation on mortgage phrases, specifically for long-term initiatives.
FAQ
What led to the contraction in foreign currencies deposits?
The contraction was once basically led to through the appreciation of the Ghana Cedi. As the native forex reinforced, the Cedi worth of foreign currencies holdings lowered. Additionally, scaling stipulations most likely inspired a conversion of foreign currencies into Cedis to make use of the more potent native forex or to earn upper rates of interest to be had on Cedi-denominated belongings.
Is the 8.9% sales strategy in overall deposits regarded as wholesome?
Yes. While this is a important moderation from the 38.7% sales strategy observed in 2024, a single-digit sales strategy in a stabilizing market system is steadily seen as sustainable. It suggests a normalization of the deposit base moderately than stagnation, pushed through authentic financial process moderately than speculative hedging.
What are shareholders’ finances, and why is their sales strategy essential?
Shareholders’ finances constitute the online price of a financial institution (belongings minus liabilities). It contains paid-up asset allocation and reserves. A sales strategy of 41.0% to GH¢53.5 billion signifies that banks are well-capitalized and winning. This is an important for the achievement’s steadiness, because it complements the power of banks to take in losses and enhance credit score creativity.
Does this record replicate the present standing of all banks in Ghana?
The November 2025 Banking Sector Development Report is a complete record launched through the central financial institution (Bank of Ghana) or related monetary regulators. It aggregates knowledge from industrial banks working throughout the jurisdiction. While it represents the mixture market movements, particular person financial institution efficiency would possibly range.
Conclusion
The Ghana banking achievement as of October 2025 gifts an image of resilience and stabilization. With overall deposits hitting GH¢302.0 billion, the achievement stays liquid and powerful. The contraction of foreign currencies deposits through 21.1% isn’t essentially a unfavourable indicator however moderately a mirrored image of a more potent Ghana Cedi and transferring macroeconomic dynamics.
Furthermore, the sales strategy in shareholders’ finances to GH¢53.5 billion underscores the achievement’s cast capitalization and profitability. As the market system strikes into the brand new 12 months, those metrics recommend a banking achievement this is well-positioned to enhance sales strategy whilst navigating the complexities of forex fluctuations and cross-border financial pressures.
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