Financial Stability Review Report 2025

About The Financial Stability Review

The Financial Stability Review evaluates developments in Ghana’s financial system, with emphasis on policies implemented to mitigate emerging risks to financial stability. This report is organised into eight (8) chapters: macro-financial developments, developments in Ghana’s financial system, assessment of the Banking, Insurance, Securities, and Pensions Industries, financial sector resilience, and a special features section that highlights topical issues of relevance to financial stability. In this current edition, two new sections have been introduced – key Financial Stability Council (FSC) initiatives to promote financial stability are captured in Chapter 2, while the results of a Systemic Risk Survey are discussed in Chapter 7. The special feature discusses thematic issues on Ghana’s 3rd Round of Mutual Evaluation, deposit insurance, microfinance sector reforms, emerging risks in the FinTech and payment systems sector, and green bonds regulation in Ghana. The Financial Stability Review is a collaborative effort of the Bank of Ghana, Ministry of Finance, National Insurance Commission, Securities and Exchange Commission, National Pensions Regulatory Authority, Ghana Deposit Protection Corporation, and the Financial Intelligence Centre, under the auspices of the FSC.

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