Treasury bills dominated banks’ investment portfolios in 2025, according to the January 2026 Monetary Policy Report by the Bank of Ghana. Their share jumped to 62.3% in December 2025, up from 40.3% a year earlier.
Meanwhile, long-term securities saw a sharp decline, dropping from 59.3% in December 2024 to 37.2% in December 2025, reflecting a moderation in growth during the period.
Equity investments remained a minor component of portfolios but edged slightly higher, rising from 0.4% in December 2024 to 0.5% in December 2025.
On the funding side, the share of deposits in banks’ liabilities and shareholders’ funds fell to 72.8% in December 2025 from 75.1% the previous year, signalling slower deposit growth. Borrowings, however, increased, accounting for 8.5% of total funding compared to 7.6% in 2024.
Shareholders’ funds also improved their contribution to total funding, rising to 13.1% from 10.8%, while other liabilities decreased from 6.3% to 5.4% over the same period.