The Bank of Ghana released its Second Quarter Brief on 2026 Collateral Registry, revealing that the total value of secured credit advanced and registered in the second quarter of 2026 amounted to GH¢31.5 billion. This figure represents a year‑on‑year expansion of 73.4% compared with GH¢18.2 billion recorded in the same period of 2025.
Bank‑issued secured transactions dominated the landscape, with banks registering a total value of GH¢19.9 billion, accounting for 63.1% of the overall secured credit value. This is a 36.6% increase over GH¢14.5 billion recorded in quarter two of 2025. Other lenders contributed GH¢8.3 billion, making up 26.3% of the total.
When comparing the first and second quarters of 2026, the total value of secured credit rose by 57.5%. Banks and Rural and Community Banks recorded increases of 21.5% and 12.2% respectively, while Savings and Loans, Micro Finance Institutions and Micro Credit Institutions recorded declines.
Foreign‑controlled banks continued to dominate secured lending. Out of the GH¢19.9 billion registered by banks, foreign‑controlled banks accounted for GH¢14.1 billion, representing 71.1% of the bank‑registered total. This figure reflects a 19.3% rise over the second quarter of 2025 value of GH¢11.8 billion. Indigenous banks, by contrast, registered GH¢5.7 billion during the review period, a year‑on‑year growth of 112.4% from GH¢2.7 billion recorded in quarter two of 2025.
The Bank of Ghana noted that the distribution underscores the continued dominance of foreign‑controlled banks in secured lending, while also reflecting steady growth among indigenous banks. The sharp rise in secured credit value signals a robust demand for collateralised financing and a healthy credit environment in Ghana’s banking sector.
Going forward, market participants will watch for how the Bank of Ghana’s regulatory framework adapts to this rapid expansion, particularly in terms of collateral quality and risk management. Stakeholders are also keen to see whether the growth trend will persist into the third quarter and beyond.
