Banks recorded a 22.0% growth in profit to GH¢4.3 billion in April 2025, from GH¢3.5 billion recorded during the same period a year ago.

According to the Banking Sector Development Report, all income lines grew in April 2025 relative to the same period last year.

Net interest income picked up by 15.5% to GH¢9.2 billion in April 2025, although the growth was lower than the 22.4% recorded in April 2024.

In year-on-year terms, interest income improved to GH¢13.9 billion, up from GH¢12.0 billion, suggesting a modest growth of 15.9% relative to 19.4% in April 2024.

According to the report, the slower pace of growth in interest income was partially due to the relatively lower rates of return on money market instruments as well as a decline in lending rates influenced by current macroeconomic developments.

Interest expenses also picked up to GH¢4.7 billion in April 2025, registering a growth rate of 16.5%, up from 14.0% in April 2024.

Among others, the increase in interest expenses was due to the increase in borrowings.

Net fees and commissions also recorded a higher growth of 26.2% in April 2025 from 12.8% in similar period a year ago.

Equally, other income recorded significant growth of 27.8% to GH¢2.0 billion in April 2025 compared to a contraction of 20.8% in April 2024.

Meanwhile, the banking sector’s profitability indicators, namely, return-on-assets (ROA) and return-on-equity (ROE), moderated during the period under review.

The ROE declined to 30.0% in April 2025, down from 35.0% in April 2024, while ROA was 5.0%, also down from 5.4% in April 2024.