Ghana banks assets rise to over GH¢500b

The Governor, however, cautioned that capital restoration alone was insufficient to guarantee long-term stability, urging banks to strengthen their business models, risk management and capacity to withstand future economic shocks.

The Governor said the central bank would continue to strengthen its regulatory and supervisory frameworks to preserve the gains made by the banking sector and ensure that stronger balance sheets translated into sustainable operations and greater support for productive economic activity.

He said 13 banks had breached regulatory capital requirements in their 2022 audited financial statements, but efforts involving banks, shareholders, investors, the Government and the BoG had helped restore compliance across the sector.