In 2024, 24 universal or commercial banks had a license to operate and or were listed on the Ghana Stock Exchange. According to the Ghana Association of Banks (GAB), in December 2023, the Capital Adequacy Ratio (CAR), reached 13.9 percent, surpassing the revised prudential minimum of 10 percent. The mild decrease in CAR in December 2024 can be attributed to the DDEP which has affected the banks’ financial position. However, there is ongoing efforts by banks affected by the DDEP in 2023 to meet capital restoration deadline set by the Bank of Ghana which is due to expire in 2025.

Commercial banks: Capital adequacy ratio

Source: BoG

Commercial Banks in Ghana

Source: BoG, GSE, Ghana Association of Banks (Total Assets, 2022)