Ghana’s Banking Sector Added Over GHS 41 Billion in Customer Deposits in 2025

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 driven largely by a combination of aggressive branch expansion, digital banking adoption, corporate deposit mobilization, and renewed consumer confidence following recent macroeconomic stabilization efforts.

Among all banks analyzed, OmniBSIC recorded the fastest deposit growth in percentage terms. Customer deposits surged from GHS 8.25 billion to GHS 16.56 billion, representing a remarkable 101% increase within a single year. This effectively means the bank doubled its deposit base in 2025.

National Investment Bank (NIB) followed with 58% growth, while First Atlantic Bank and GTBank recorded strong gains of 43% and 42% respectively. Republic Bank also posted notable growth of 37%.

Although the fastest-growing banks attracted attention, larger banks continued to dominate the industry in absolute deposit volumes. GCB Bank maintained one of the largest customer deposit bases, growing from GHS 34.07 billion to GHS 41.05 billion, adding nearly GHS 7 billion in new deposits during the year. Zenith Bank also crossed the GHS 20 billion mark, while Stanbic, Ecobank, and Absa remained among the sector’s largest deposit holders.

The data also highlights an important trend within Ghana’s banking industry: mid-tier banks are increasingly competing aggressively for market share. Several smaller and medium-sized banks recorded faster growth rates than the largest institutions, suggesting a gradual shift in customer acquisition dynamics.

However, not all banks experienced positive momentum. Six banks recorded declines in customer deposits during the period. First Bank experienced the sharpest contraction, with deposits falling by 37%. Bank of Africa declined by 22%, while CalBank, SG, Ecobank, and Fidelity also recorded modest reductions.

These declines may reflect competitive pricing pressures, liquidity management decisions, customer migration patterns, or strategic restructuring within specific institutions.

Overall, the 2025 banking results suggest that Ghana’s financial sector continues to stabilize after recent economic turbulence. Strong deposit growth across most institutions indicates improving liquidity conditions and renewed customer engagement with formal banking channels.

The data also reinforces the increasing importance of digital banking platforms, retail customer acquisition strategies, and trust in driving deposit mobilization across Ghana’s banking sector.