Banks operating in Ghana recorded a profit-after-tax of GH¢2.5 billion at the end of February 2026, up from GH¢2.0 billion in the same period in 2025.
This represents a 24.1% year-on-year increase.
Profit-before-tax also grew by 21.0% in February 2026, slightly higher than the 20.7% growth recorded a year earlier.
According to the March 2026 Monetary Policy Report, all major income streams except other income recorded growth, although at a slower pace compared to 2025.
Net interest income rose by 6.2% in 2026, down from 11.0% in 2025.
This slowdown was due to lower lending rates and reduced returns on money market instruments.
Fees and commissions also declined by 0.6%, after growing strongly by 35.8% the previous year.
On the cost side, operating expenses increased by 6.1%, significantly lower than the 24.7% rise in 2025, reflecting slower growth in staff and other expenses.
However, provisions for depreciation, bad debts, and impairment losses rose by 43.4%, reversing the 55.5% decline recorded in the previous year.
Overall, profitability indicators weakened slightly.
Return on Assets (ROA) fell to 4.6% in February 2026 from 4.7% a year earlier, while Return on Equity (ROE) dropped to 24.3% from 28.5%.
