Menu ›
Country
Sat, 21 Dec 2019
Source: www.ghanaweb.com
Majority of the 23 banks that met the Bank of Ghana’s recapitalization requirement of GHC400 million, made huge profits in the last financial year.
According to the PwC Banking Report 2019, the balance sheets of most of the banks have improved significantly.
Profit before tax grew by 10% from GHS3.32 billion in 2017 to GHS3.66 billion in 2018 which is lower than the growth of 31% achieved in the previous year.
Despite the slower pace of profit growth, the industry’s profit before tax margin of 38% is the highest margin achieved in the last 3 years.
GhanaWeb compiles the percentage margin growth of top five banks in Ghana.
Source: www.ghanaweb.com
Related Articles:
- 45 timelines, incidents and scandals that defined Ghana’s 7th Parliament
- Bone straight hair, Biker shorts and other women fashion trends that ruled in 2020
- Deadliest accidents of 2020 that took many Ghanaian lives
- 5 highs of Ghana's Finance Minister in 2020
- Akrobeto is GhanaWeb Entertainment Personality of the Year
- Read all related articles