Ghana in Numbers

Ghana's 54 state-owned enterprises (SOEs) collectively lost GHS 10.3 billion in FY2024, even though almost two-thirds of them turned a profit. That contradiction, most SOEs in the black, the portfolio still deep in the red, is the story hiding inside the government's own numbers. Ranking Ghana's State Owned Enterprises by Profitability The data comes from the [2024 State Ownership Report](https://siga.gov.gh/siga-resources/2024-state-ownership-report-2/), published by Ghana's

Introduction Asset quality remains one of the most important indicators of banking sector stability. In Ghana, non-performing loans (NPLs) have long constrained profitability, weakened capital positions, and limited banks' ability to expand lending. The FY2025 financial statements provide a fresh view of how individual banks are managing credit risk and how close the industry is to meeting the Bank of Ghana's ambitious target of reducing sector-wide NPLs to 10% by the end of

How a US$11.6 Million Civil Judgment Led to Property Seizure The legal dispute involving Andrew Takyi-Appiah, Chief Executive Officer of Zeepay Ghana Limited, and businessman Michael Yusuf has attracted significant public attention because of its financial magnitude and implications for Ghana's fintech industry. The case moved beyond a commercial disagreement after the High Court's Commercial Division entered a summary judgment exceeding US$11.6 million, together with additio

Strong Growth with Liquidity Worth Monitoring. GCB Bank delivered an impressive FY2025 performance, reinforcing its position as one of Ghana's leading commercial banks. Based on its audited bank-level financial statements, the institution recorded significant growth across profitability, assets, deposits and shareholders' equity while continuing to strengthen its capital position. GCB Bank FY2025 Financial Health Review. Profit after tax increased by 69% to GH¢2.04 billion, s

Comparing USD/GHS Exchange Rate Spreads Across Ghana's Banks When exchanging US dollars in Ghana, most customers focus on the quoted exchange rate. However, one of the most important measures of value is the spread, which is the difference between a bank's buying and selling rates. A smaller spread generally means customers receive more competitive pricing, while a wider spread represents a higher margin retained by the bank. An analysis of USD/GHS indicative exchange rates a

A Look at the Deposit Rankings of Ghana's 23 Banks in FY2025 Customer deposits remain one of the strongest indicators of confidence in a bank. They reflect where households, businesses, and institutions choose to keep their money and often signal a bank's market strength, liquidity, and customer reach. Based on disclosed FY2025 financial statements, Ghana's banking industry held approximately GH¢324.2 billion in customer deposits across 23 banks. The data reveals a sector dom

On 29 June 2026, Accra experienced one of the most significant rainfall events ever documented. The Ghana Meteorological Agency recorded 169.2 mm of rainfall within 24 hours, making it the fourth highest single-day rainfall total on record for the capital city. While the widespread flooding drew national attention, historical rainfall data provides important context. The event was extraordinary, but it was not unprecedented. Top 5 Record Rainfall in a Single Day in Accra Hist

The prosecution of William Ato Essien, founder of the defunct Capital Bank, remains one of the most significant legal cases to emerge from Ghana's banking sector clean-up. The case traces its roots to the collapse of Capital Bank in 2017, a period that marked the beginning of major reforms in Ghana's financial sector aimed at strengthening banking supervision and protecting depositors. Capital Bank Case: Key Legal Milestones in the Prosecution of William Ato Essien Following

Board diversity has become an increasingly important measure of corporate governance across the world. Diverse boards bring broader perspectives, improve decision-making, strengthen risk oversight, and help organizations better reflect the customers and communities they serve. Yet the latest data from Ghana's banking sector shows that gender parity in the boardroom remains the exception rather than the norm. Gender Diversity on Ghanaian Bank Boards An analysis of board compos

Every rainy season in Accra now comes with fear, disruption, and destruction. Roads become rivers, homes are submerged, businesses shut down, and entire communities are left stranded after hours of intense rainfall. What was once viewed as occasional flooding is increasingly becoming a recurring urban crisis. The recent flooding scenes across Accra highlight a deeper structural problem facing Ghana’s capital city. Rapid urbanization, poor drainage systems, uncontrolled constr

Anyone tracking the Ghana cedi will quickly realize that there is no single “true” dollar rate in the country. On May 26, 2026, official Bank of Ghana rates showed the US dollar selling at GHS 11.63, while forex bureaus and card processors quoted rates as high as GHS 12.50. This wide spread highlights the fragmented nature of Ghana’s foreign exchange market and explains why consumers, businesses and investors often experience different exchange rates depending on where they t

Ghana’s growing technology ecosystem is facing one of its biggest policy debates in recent years following the introduction of the proposed National Information Technology Agency (NITA) Bill 2025. While supporters argue the bill is intended to strengthen regulation, improve standards and enhance cybersecurity oversight, many players within Ghana’s startup and developer community believe the proposal could unintentionally slow innovation and create new barriers for young profe

The legal dispute between GN Bank and the Bank of Ghana (BoG) has become one of the most closely watched financial sector cases in Ghana’s recent history. What began as part of Ghana’s banking sector clean-up in 2018 and 2019 has evolved into a prolonged legal battle involving regulatory authority, banking solvency, constitutional questions, and the future of financial sector reforms. GN Bank v Bank of Ghana. A Timeline of Legal Events The origins of the dispute trace back to

The Daniel Ofori vs Ecobank case has become one of the most discussed commercial legal disputes in Ghana’s history. Spanning nearly two decades, the case combined issues of share ownership, banking transactions, regulatory intervention, disputed documentation, and the massive financial implications of high-interest calculations. Daniel Ofori v Ecobank. Breaking down one of Ghana's Longest Commercial Court Battles At the center of the dispute was a 2008 transaction involving a

Ghana’s banking industry recorded strong customer deposit growth in 2025, signaling improving confidence in the financial sector despite ongoing economic pressures and competitive funding conditions. According to published financial statements from 21 banks, total customer deposits increased from GHS 268.18 billion in 2024 to GHS 309.79 billion in 2025, representing a year-on-year growth rate of 15.5%. Customer Deposit Growth/Decline in Ghana's Banking Sector The growth was d

Ghana’s actual fiscal outturn for 2025 presents a revealing picture of how government finances are evolving under mounting economic pressure. The latest figures show total revenue and grants reaching GH¢224.88 billion, while total expenditure climbed slightly higher to GH¢233.78 billion, resulting in an overall fiscal deficit of approximately GH¢8.9 billion. At first glance, the gap between revenue and expenditure may appear manageable. However, a deeper look into the composi

Ghana’s banking sector is once again under the spotlight, and this time the story is written in the numbers behind non-performing loans. At the extreme end, one bank records an NPL ratio of 70.5%, while at the other, a regional peer reports just 2.1%. This wide dispersion is not just a statistic; it reflects deeper structural realities within the financial system. Non-Performing Loans (NPL) in Ghana 2025 Non-performing loans, commonly defined as loans overdue by more than 90

Ghana’s financial system is quietly revealing a powerful story, one that challenges how we typically think about money, influence, and economic control. In 2025, customer deposits held within Ghana’s banking sector (drawn from the Financial Statements of 21 banks) reached approximately GHS 309.79 billion, surpassing total government expenditure of GHS 233.78 billion for the same period. On the surface, this comparison is striking, but its deeper implications are even more imp

Ghana’s banking sector is sitting on a significant pool of liquidity. With total customer deposits reaching GHS 309.79 billion, the expectation would be that a substantial portion of these funds is being channeled into loans to support businesses and economic growth. But the data tells a more cautious story. A comparative analysis of customer deposits, loans, and lending efficiency across banks in Ghana (2025). Across the industry, banks have extended only GHS 90.24 billion i

A shift in how Ghana generates power tells a bigger story than most people realise. Ghana's Energy Mix from 2000 to 2024 In 2000, Ghana's electricity story was simple. Nine out of every ten units of electricity came from one source: water. The Akosombo Dam, built across the Volta River in the 1960s, was the backbone of the national grid, and hydropower accounted for 92% of all electricity generated in the country. By 2024, that figure had collapsed to 39%. According to the Gh