United Bank for Africa (UBA) Ghana recorded a profit before tax of GHS 629.93 million in 2025. This represents a 148% increase from GHS 253.58 million in 2024. The bank's profit after tax also rose significantly to GHS 407.1 million, up from GHS 164.31 million the previous year.
This strong financial performance stems from robust revenue growth and higher interest income. UBA Ghana also benefited from greater operational efficiency and careful balance sheet management. The bank described 2025 as its best financial year in the past five years.
UBA Ghana's success aligns with Ghana's improving economic situation. The country's macroeconomic environment stabilized in 2025, supported by strict central bank policies and better investor confidence. This positive trend created a favourable operating landscape for the banking sector, allowing banks like UBA Ghana to rebound in profitability. Gross earnings reached GHS 1.46 billion, compared to GHS 1.27 billion in 2024.
Managing Director and Chief Executive Officer, Bernard Appiah Gyebi, attributes this performance to disciplined execution. He emphasized strong customer engagement and careful risk management. Gyebi stated that the results confirm UBA Ghana's position as a resilient and forward-looking institution. He also reaffirmed the bank's commitment to good governance, operational excellence, and contributing to Ghana's economic development.
Looking ahead, UBA Ghana plans to focus on accelerated innovation and digital transformation. This involves enhancing its digital capabilities across mobile and online banking platforms. The bank also seeks to strengthen its financial resilience and improve risk management frameworks. Its expansion strategy includes establishing new branches in the Eastern and Bono East Regions.
Despite the strong financial results, UBA Ghana faced a regulatory challenge. The Bank of Ghana suspended the bank's foreign exchange trading license for one month in September 2025. Board Chairman Kweku Andoh Awotwi acknowledged specific compliance breaches. He said this caused the bank to lose revenue and clients during the suspension period. This incident highlights the Bank of Ghana's continued focus on compliance and financial sector governance.
The bank conducted a detailed review and addressed the lapses. Chairman Awotwi stated that many loyal clients have since returned. He confirmed that the board would increase its oversight of compliance matters in 2026. This incident shows the need for banks to balance growth ambitions with strict adherence to regulatory rules.
Total assets for UBA Ghana grew by 17% to GHS 11.54 billion from GHS 9.85 billion in 2024. Customer deposits saw an 18% increase, reaching GHS 8.59 billion, up from GHS 7.29 billion. Net loans also rose to GHS 1.28 billion, from GHS 1.14 billion. This indicates a cautious expansion of credit, coupled with prudent risk management. Shareholder equity increased to GHS 1.89 billion, compared to GHS 1.49 billion a year earlier.