Ghana’s secured lending reaches 31.5 billion cedis - MyJoyOnline
Ghana's secured lending reached 31.5 billion cedis in the second quarter of 2026, marking a 73.4% increase from the previous year. Banks registered the majority of these loans, with foreign-controlled banks dominating the sector.
Why it matters
This significant growth in secured lending indicates a robust and expanding financial sector in Ghana, potentially reflecting increased economic activity and access to credit for businesses and individuals.
--> In Ghana, the total value of issued and registered secured lending reached 31.5 billion Ghanaian cedis in the second quarter of 2026. This is 73.4% higher than in the same period of 2025, when the figure stood at 18.2 billion cedis, MyJoyOnline reports , citing the quarterly review of the Bank of Ghana’s Collateral Registry.
Banks registered secured lending worth 19.9 billion cedis, or 63.1% of the total value of such loans in the second quarter. Year on year, this figure rose by 36.6%, from 14.5 billion cedis. Other lenders accounted for 8.3 billion cedis, representing 26.3% of the total volume.
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