GCB Bank has regained its position as Ghana’s largest bank by deposit market share, overtaking Ecobank Ghana in 2025, according to the PwC Ghana Banking Survey 2026.
GCB’s share of industry deposits rose to 12.37% in 2025, up from 10.86% in 2023, although slightly below the 12.99% recorded in 2024.
Ecobank Ghana, which led the market in 2024 with a 14.33% share, saw its position decline to 10.52% in 2025.
Stanbic Bank Ghana ranked third, with a 7.80% share of total industry deposits.
The latest ranking marks a reversal from 2024, when Ecobank held the largest share of industry deposits, while GCB ranked second.
Industry deposits surge
The shift in market rankings came amid strong growth in deposits across Ghana’s banking sector.
According to the survey, total industry deposits increased by 25% in 2025, rising from GH¢266.5 billion to GH¢334.3 billion.
PwC attributed the growth to improved macroeconomic stability and stronger customer confidence, supported by the expansion of branch and agency banking networks and increased adoption of digital banking services.
Current account balances rose by 15.8% to GH¢184.9 billion, reflecting increased transaction banking activity.
Time deposits recorded a stronger increase of 56.8% to GH¢49.2 billion, while call deposits grew by 37.5% to GH¢16.7 billion.
The survey said the growth in time and call deposits was partly driven by customers’ response to attractive fixed-term investment products.
GCB, Ecobank and Stanbic lead
Despite growing competition, the deposit market remains concentrated among the largest banks.
GCB, Ecobank and Stanbic together accounted for about 30.7% of total industry deposits in 2025.
Based on the industry total, GCB’s 12.37% share represents approximately GH¢41.3 billion in deposits, while Ecobank’s 10.52% share translates to about GH¢35.2 billion.
The figures highlight the intensifying competition among banks to mobilise deposits, strengthen liquidity and expand lending and other financial services.
Other banks gain ground
The survey also recorded notable gains by several other banks.
OmniBSIC Bank recorded one of the strongest increases, with its deposit market share rising from 3.15% in 2024 to 6.02% in 2025.
The growth moved the bank from 13th position in 2024 to fifth in 2025, with PwC attributing the performance to focused customer acquisition and growth in retail and SME deposits.
Zenith Bank Ghana also increased its market share from 5.91% to 6.27%, supported by targeted deposit mobilisation and digital banking initiatives.
First Atlantic Bank’s share rose from 4.36% to 4.98%, which PwC linked to customer retention and stronger business banking offerings.
The latest figures point to a banking sector experiencing strong deposit growth alongside significant shifts in market share, as established and mid-sized banks compete for retail, corporate and SME customers.
