Banks recorded a 22.0% progress in revenue to GH¢4.3 billion in April 2025, from GH¢3.5 billion recorded throughout the identical interval a yr in the past.
In line with the Banking Sector Growth Report, all revenue strains grew in April 2025 relative to the identical interval final yr.
Web curiosity revenue picked up by 15.5% to GH¢9.2 billion in April 2025, though the expansion was decrease than the 22.4% recorded in April 2024.
In year-on-year phrases, curiosity revenue improved to GH¢13.9 billion, up from GH¢12.0 billion, suggesting a modest progress of 15.9% relative to 19.4% in April 2024.
In line with the report, the slower tempo of progress in curiosity revenue was partially as a result of comparatively decrease charges of return on cash market devices in addition to a decline in lending charges influenced by present macroeconomic developments.
Curiosity bills additionally picked as much as GH¢4.7 billion in April 2025, registering a progress price of 16.5%, up from 14.0% in April 2024.
Amongst others, the rise in curiosity bills was as a result of enhance in borrowings.
Web charges and commissions additionally recorded the next progress of 26.2% in April 2025 from 12.8% in comparable interval a yr in the past.
Equally, different revenue recorded vital progress of 27.8% to GH¢2.0 billion in April 2025 in comparison with a contraction of 20.8% in April 2024.
In the meantime, the banking sector’s profitability indicators, specifically, return-on-assets (ROA) and return-on-equity (ROE), moderated in the course of the interval below assessment.
The ROE declined to 30.0% in April 2025, down from 35.0% in April 2024, whereas ROA was 5.0%, additionally down from 5.4% in April 2024.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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