The Bank of Ghana’s Collateral Registry reports that secured credit registered in Ghana climbed 73.4 percent year‑on‑year to GH¢31.5 billion in the second quarter of 2026, even though the number of security interest registrations dropped sharply.
Registered secured credit rose from GH¢18.2 billion in the second quarter of 2025 to GH¢31.5 billion this year, a jump largely driven by banks, which accounted for GH¢19.9 billion – 63.1 percent of the total.
Meanwhile, the total number of security interest registrations fell 32.2 percent, from 135,721 to 92,033. The decline was mainly linked to Savings and Loans Companies, whose registrations fell 42.4 percent from 119,649 to 68,871.
Banks remained the largest source of secured lending, with their registered credit up 36.6 percent from GH¢14.5 billion a year earlier. Rural banks also saw growth, while lending by Savings and Loans Companies declined.
Quarter‑on‑quarter, total secured credit increased 57.5 percent from GH¢20.0 billion in Q1 to GH¢31.5 billion in Q2, with bank lending rising 21.5 percent.
The figures suggest that the second quarter was characterised less by a broad increase in the number of secured transactions and more by a rise in the value of financing attached to registered security interests.
