Bank of Africa Ghana Ltd delivered a resilient performance in 2025 despite a challenging operating environment. Operating income increased by 5.3% to GHS 512 million, driven by growth in net interest income, fee and commission income, and trading income. However, higher impairment losses on financial assets resulted in a decline in profit before tax to GHS 193 million, compared with GHS 216 million in 2024. Profit after tax remained stable at GHS 123.6 million, while total comprehensive income improved to GHS 144.1 million, supported by fair value gains on investments.

The Bank’s balance sheet contracted, with total assets declining by 12.6% to GHS 4.03 billion, mainly due to lower loans and advances to customers and a reduction in the Investment Securities portfolio. Customer deposits also decreased, from GHS 3.34 billion to GHS 2.62 billion, contributing to the reduction in total liabilities. This contraction was largely attributable to the significant appreciation of the Ghanaian cedi compared with the previous financial year.

Despite the smaller balance sheet, the Bank further strengthened its capital base. Shareholders’ equity increased by approximately 16% to GHS 1.03 billion, supported by higher retained earnings and reserves. Profitability remained strong, with a return on equity (ROE) of 12.9% and a return on assets (ROA) of 2.9%, reflecting the Bank’s efficient use of its assets to generate earnings.

The Bank also maintained a robust capital position, with a Share Capital Adequacy Ratio (CAR) of 35.05%, well above regulatory requirements, providing a strong buffer to absorb potential shocks while supporting sustainable growth. Management’s priority is now to restore balance sheet growth by strengthening customer segmentation, expanding fee-based income, enhancing revenue generation, and broadening the Bank’s reach through scalable digital banking solutions.

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