Ghana secured lending market reaches GH¢31.5 billion in Q2 2026

The total value of secured credit in Ghana reached GH¢31.48 billion in the second quarter of 2026, marking a 73.4% increase compared to the GH¢18.15 billion recorded in the second quarter of 2025. Data from the Bank of Ghana’s Collateral Registry indicates that the market is expanding rapidly, with a 57.5% increase from the first quarter of 2026.

Banks remain the primary drivers of this growth, accounting for 63.1% of the total secured credit value at GH¢19.86 billion. Within the banking sector, foreign-controlled institutions maintain a dominant position, controlling 71.1% of secured lending with GH¢14.12 billion. While foreign-controlled banks saw a 19.3% year-on-year increase, indigenous Ghanaian banks experienced much faster growth, with their contribution more than doubling from GH¢2.70 billion to GH¢5.74 billion.

Other lenders, including Savings and Loans, Rural and Community Banks, and microfinance institutions, contributed GH¢8.3 billion, or 26.3% of the total value. While Rural and Community Banks saw a 12.2% increase, other micro-lending sectors recorded declines during this period.