Total deposits in the banking sector rose to GH¢302.0 billion at the end of October 2025, according to the November 2025 Banking Sector Development Report.
The report showed that deposit growth slowed sharply on a year-on-year basis, easing from 38.7% in October 2024 to 8.9% in October 2025. The expansion was largely supported by domestic deposits.
However, the foreign currency component of deposits, measured in cedi terms, declined by 21.1% to GH¢71.3 billion in October 2025, compared with a strong growth of 39.8% over the same period last year. The contraction was attributed to the appreciation of the Ghana cedi during the period.
Meanwhile, shareholders’ funds in the banking industry—comprising paid-up capital and reserves—grew by 41.0% to GH¢53.5 billion in October 2025, down from a growth rate of 49.5% recorded in October 2024.
The increase in shareholders’ funds was driven by strong industry profits and recapitalisation efforts by some banks.
