07
Dec
The nation’s banking industry has performed admirably in the first 10 months of the year, particularly over the third quarter, despite significant shocks in the broader economy recently-released information by the Bank of Ghana (BoG) has shown. On the back of strengthening across the board during and after the industry shake-up, banks in the country weathered effects of the pandemic and deteriorating macroeconomic conditions to record strong asset growth and improved profitability in the period under consideration. Cumulatively, value of the banking industry’s assets grew by 43.7 percent between October 2021 and October 2022 to hit GH¢249.9 billion – that…