Last year, as banks sought refuge in less risky assets to protect their loan portfolios from deterioration, the main ones Ghana's banks have increased their appetite for government bonds and for treasury (T) bills and bonds.

As part of an asset reclassification campaign that helped strengthen banking sector profits, banks' investments in risk-free instruments increased & high; by 22% in 2021.

Indeed, Price Waterhouse Cooper's (PwC) led to a 22% growth in interest income from government securities in 2021 showing that the stock has carried its fruits for the banking sector compared with a 52% and 6% drop in interest income from cash and short-term funds and loans and advances, respectively, over the same period. It then allowed the industry's pre-tax margin to increase by 45%, the highest in five years.

This year, the Bank's data in Ghana showed that in June, they were heavy in government securities and the use of Treasury bills continued. In reality, the banking sector's exposure to government securities is risky, as it exposes lenders to risks to the economy beyond earned income, as reflected in the ongoing rankings of banks by agencies. Swimming, Fitch and Moody's, including GCB Bank, Ecobank Ghana (EBG), United Bank for Africa (UBA) Ghana, and Guaranty Trust Bank Ghana Limited (GTB).