Banks in Ghana recorded GH¢15.0 billion profit for the year 2025 compared to GH¢10.4 billion in 2024.

According to the Banking Sector Developments report, this was a 43.5% growth compared with 26.2 percent the previous year.

Similarly, profit before tax (PBT) grew 38.4% in December 2025, compared with 24.4% in December 2024.  

Apart from other income, which recorded a higher growth rate in 2025 relative to 2024, all income lines grew, albeit at a slower pace in December 2025 compared to the same period last year.

The growth in net interest income was lower at 16.4% in 2025 from 18.0% in 2024, reflecting the decline in growth in interest income, which was due to the decline in lending rates and rates on money market instruments during the review period.

The fees and commissions, however, grew by 9.5% in 2025 relative to a growth of 25.8% in 2024.

Similar declines in growth in cost lines outweighed the impact of the decline in growth in income lines on the bottom line.

The banking industry’s operating expenses grew by 14.0% in December 2025, compared to 22.0% in 2024, reflecting a moderation in growth in staff costs and non-staff-related expenses.

The provisions for depreciation, bad debt, and impairment losses on financial assets also contracted by 57.1% in December 2025, compared to the 11.7% contraction recorded in December 2024.

Return on Assets and Return on Equity

The profitability indicators for the banking sector improved in December 2025, driven by increases in profit before tax and profit after tax recorded during the year.

The sector’s Return on Assets (ROA) improved to 5.7% in December 2025 from 5.0% in December 2024. Also, the banks’ Return on Equity (ROE) was stable at 30.8% over the same comparative period in 2023.