The BoG has uncovered the stores levels in banks are on the ascent because of changes set up to tidy up the money related segment.
The expanding development rate was obvious in the all out stores picked up by banks toward the finish of October 2019.
The Bank of Ghana in an offer to sterilize the nation’s financial area has diminished the quantity of banks in the nation from 34 to 23 after a raise in the base capital prerequisite.
Bank of Ghana reports that business banks’ store developed by 17.1 percent for October 2019.
Complete stores expanded from 67.38 billion cedis to 78.9 billion cedis in October 2019. In this way speaking to a 11.51 billion cedis development.
Household stores additionally recorded an all out stores of 78.5 billion cedis from 67.04 billion cedis in October 2018.
Then again, stores of non-inhabitants, which is the populace other than people dwelling in Ghana, stayed little at 397.7 million cedis; however it expanded from 342.1 million cedis in the year