This was followed by Access Bank Ghana in 2nd position with a capital of $216 million and GCB Bank with capital of $212 million. Standard Chartered Bank Ghana placed 4th with a capital of $168 million.

In Africa, Ecobank Ghana placed number 88th whilst Absa Ghana, GCB Bank and Standard Chartered Bank Ghana were 92nd, 95th and 100th respectively.

The report disclosed that Ghana’s top banks maintain strong Tier-1 capital positions despite economic challenges and currency depreciation

“Despite economic headwinds, the top four banks in Ghana by Tier-1 capital—GCB Bank, Ecobank Ghana, Standard Chartered Bank Ghana, and Absa Bank Ghana—have continued to show stability”.

It explained that their ability to navigate currency fluctuations and macroeconomic challenges has been critical in sustaining confidence in the financial sector.

The report added that Ecobank Ghana has focused on corporate and SME lending, which has bolstered its revenue streams, even amid currency depreciation pressures.

Similarly, Absa Bank has successfully maintained a healthy capital position while navigating Ghana’s economic landscape.