Plans by the Bank of Ghana and government are targeted at making Ghana the financial hub of the West African sub-region. In this direction, systematic policies have been rolled out to gradually move the country into a cashless one.
Ghana’s ability to achieve macroeconomic stability, to possess a safe banking system, and to support a thriving bond market is critical to the nation’s success in achieving this goal.
The banking industry remains a profitable sector of the Ghanaian economy that has a huge potential of propelling the country to economic development.
As at January 2016, 29 banks were in operation in Ghana.