Community banking sector grows to 147 institutions, serving over 8m customers - BoG
Dr. Johnson Asiama, Governor of the Bank of Ghana (BoG), stated at the commemoration of 50 years of Rural Banking in Ghana and the official transition from Rural and Community Banks to Community Banks that Ghana's community banking sector has grown into one of the fastest-expanding segments of the country's banking industry. As of May 2026, the sector comprises 147 licensed Community Banks, nearly 1,000 branches, more than 8 million customers, and an asset base of approximately GH¢26 billion. He said, "What began at Agona Nyakrom is today 147 licensed institutions, about 1,000 branches, more than 8 million customers, and an asset base of GH¢26 billion as of May this year. It is one of the fastest-growing segments of the banking sector, and note those numbers carefully."
Dr. Asiama noted that these figures highlight the important role community banks play in promoting financial inclusion, mobilising savings, supporting agriculture and small businesses, and driving local economic development. He added that the transition from Rural and Community Banks to Community Banks marks a new chapter for the sector, positioning the institutions to better respond to changing customer needs while maintaining their focus on community-based development.
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Ghana's community banking sector has seen significant expansion over the past five decades, evolving into a crucial component of the nation's
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