Ghana’s banking sector recorded significant growth in customer deposits in 2025, signalling stronger confidence in the financial system as economic conditions improved and commercial banks stepped up efforts to attract funds from individuals and businesses.
According to the PwC Ghana Banking Survey 2026, total customer deposits across the banking industry increased to GH¢334.3 billion in 2025, up from GH¢266.5 billion in the previous year. This represents a substantial 25.44% year-on-year increase, adding approximately GH¢67.8 billion to the banking sector’s deposit base.
The sharp rise in deposits has strengthened the funding position of Ghanaian banks, providing financial institutions with a larger pool of funds to support lending, investment and other banking activities.
Banking Sector Confidence Improves
The growth in bank deposits comes after several challenging years for Ghana’s financial sector, which faced pressure from high inflation, cedi depreciation, elevated interest rates and the impact of the Domestic Debt Exchange Programme (DDEP).
Improving macroeconomic stability in 2025 appears to have helped restore confidence among depositors, while increased competition among banks also encouraged financial institutions to attract more household savings and corporate deposits.
The expansion of the deposit base could have important implications for bank lending, private-sector financing and economic growth, particularly as banks seek to increase credit to businesses and households.
The latest figures highlight the changing dynamics of Ghana’s banking industry and suggest that financial institutions are entering a period of stronger deposit mobilisation and improved financial stability.
Source: newsthemegh.com