The total value of secured credit registered in Ghana rose sharply to GH¢31.5 billion in the second quarter of 2026, representing a 73.4 percent year-on-year increase from GH¢18.2 billion recorded during the same period in 2025.
The Bank of Ghana (BoG), in its Second Quarter Brief on the 2026 Collateral Registry, said the significant expansion reflected increased secured lending across major categories of credit providers.
Banks remained the dominant source of secured credit by value, registering GH¢19.9 billion, equivalent to 63.1 percent of total secured credit recorded during the quarter.
The figure represents a 36.6 percent increase from the GH¢14.5 billion registered by banks in the second quarter of 2025.
Other lenders accounted for the second-largest share, registering GH¢8.3 billion, representing 26.3 percent of the total value of secured credit.
The BoG said the overall value of secured credit registered in the second quarter also increased by 57.5 percent compared with the first quarter of 2026.
Banks recorded a 21.5 percent quarter-on-quarter increase, while Rural and Community Banks posted a 12.2 percent rise.
However, secured credit registered by Savings and Loans companies, Microfinance Institutions and Micro Credit Institutions declined during the period.
Foreign banks dominate
Within the banking sector, foreign-controlled banks continued to account for the largest share of secured credit registered during the quarter.
Of the GH¢19.9 billion in secured credit registered by banks, foreign-controlled banks accounted for GH¢14.1 billion, representing 71.1 percent of the banking sector’s total.
The figure was 19.3 percent higher than the GH¢11.8 billion registered by foreign-controlled banks in the second quarter of 2025.
Indigenous banks, meanwhile, registered GH¢5.7 billion in secured credit during the quarter.
Although their share remained significantly below that of foreign-controlled banks, indigenous banks recorded much stronger annual growth, with secured credit increasing by 112.4 percent from GH¢2.7 billion in the corresponding quarter of 2025.
The BoG said the figures demonstrated the continued dominance of foreign-controlled banks in secured lending while also pointing to significant growth in secured credit activity among indigenous banks.
The overall expansion in secured credit comes as the Collateral Registry continues to support the use of movable and other eligible assets as security for borrowing, potentially widening access to formal credit for businesses and individuals.
The sharp quarter-on-quarter and year-on-year growth in registered secured credit also points to increased lending activity backed by collateral across Ghana’s financial sector during the review period.
Source: businesspostonline
