Business Outlook Africa

BoG Balance Sheet Hits GH¢321 Billion in March, Driven by Foreign Asset Rebound

The latest Monthly Statistical Bulletin of the Bank of Ghana has revealed an expansion in the balance sheet of the Bank in March 2026, driven largely by stronger foreign asset holdings, increased gold reserves and a sharp rise in investments in foreign securities.

According to the Central Bank’s latest Monthly Statistical Bulletin, total assets climbed to GH¢321.38 billion in March 2026, up from GH¢310.58 billion in February representing a month-on-month increase of GH¢10.8 billion.

On an annual basis, total assets grew by GH¢7.98 billion from GH¢313.40 billion recorded in March 2025, representing year-on-year growth of 2.6%.

A closer look at the figures further revealed an expansion in foreign assets, which rose to GH¢128billion in March 2026 from GH¢109.48 billion in February, representing an increase of GH¢18.52 billion or nearly 17% within a single month.

Although the latest figure remains marginally below the GH¢129.73 billion recorded in March 2025, the sharp monthly increase signals a strong recovery in the composition of the central bank’s external asset portfolio.

The value of foreign securities held by the Bank of Ghana also rose to GH¢81.56 billion in March 2026, compared with GH¢65.98 billion in February and GH¢48.52 billion in January.

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