Banks register 224.6% growth in profit to GH¢8.3bn in 2023

Read Comments Comments (6)

• Ishmael Otchere 1 year ago

  That is good performance but does not positively impact on productivity, employment and standard of living. The positive reported performances were attributed to investment income from T-bills to support government expenditur ...
  read full comment

  That is good performance but does not positively impact on productivity, employment and standard of living. The positive reported performances were attributed to investment income from T-bills to support government expenditures which did not have direct relationship with productivity, employment and standard of living. Lets hope the T bill rates will see significant downward trend so that banks can invest more in loans at relatively lower and affordable interest rates to have real positive impact on the economy.

  reply
• Donald 1 year ago

  Profiteering from killer interest rates that are destroying the economy is no banking.

  Profiteering from killer interest rates that are destroying the economy is no banking.

  reply
• Romeo 1 year ago

  Togbe was right when he said "..soon, we will be hearing the usual BOG’s self-serving statement that, “The banking industry’s performance has defied the general economic downturn with strong growth across key metrics in ...
  read full comment

  Togbe was right when he said "..soon, we will be hearing the usual BOG’s self-serving statement that, “The banking industry’s performance has defied the general economic downturn with strong growth across key metrics including total assets and deposits, as well as sustained improvement in profitability…”. "But it does not require any banking ingenuity to make money in a 30% plus interest rate environment, even after providing for high levels of non-performing loans".

  reply
• Accranie 1 year ago

  Oga governor, just a reminder we are no longer in the PNDC era where the fear of Oga at the top is capable of making a civil servant say and no anything to make them happy or risk their wrath.
  No serious nation clock such nu ...
  read full comment

  Oga governor, just a reminder we are no longer in the PNDC era where the fear of Oga at the top is capable of making a civil servant say and no anything to make them happy or risk their wrath.
  No serious nation clock such numbers some of us have quite an impressive footprint outside of the motherland so we can claim to be immune but to reduce the country to that of most banana republics is unsavory

  reply
• Joe akwasi. Ghana is a shithole 1 year ago

  Just say Nigerian banks register 224.6% growth, because I am sure ghanian banks never makes any profit. We are only good in over taxing citizens. Dead country

  Just say Nigerian banks register 224.6% growth, because I am sure ghanian banks never makes any profit. We are only good in over taxing citizens. Dead country

  reply
• Farmer 1 year ago

  They are filling their pockets on government treasury bills. The easiest business for any bank. It has nothing to do with being excellent as a business.

  They are filling their pockets on government treasury bills. The easiest business for any bank. It has nothing to do with being excellent as a business.

  reply