Ghana banking profits decline to GH¢7.1 billion in H1 2026

Ghana’s banking industry experienced a marginal decline in profitability during the first half of 2026. According to the Bank of Ghana’s July 2026 Monetary Policy Report, profit-after-tax (PAT) fell to GH¢7.1 billion by the end of June 2026, a 1.3% contraction compared to GH¢7.2 billion during the same period the previous year.

The slowdown was primarily driven by a low interest-rate environment, which caused net interest income to contract by 3.1%. This marks a significant reversal from the 20.2% growth seen in June 2025. Additionally, banks faced rising credit-related costs, with provisions for depreciation, bad debts, and impairment losses increasing by 38.2%.

While core income faced pressure, fees and commissions grew by 18.2%. Other key indicators also showed a downward trend: Return on Equity dropped to 22.9% from 32.2%, and the industry’s interest spread narrowed to 4.4% from 6.0%.