Ghana’s Secured Credit Surges 73% in Q2 2026 Despite Fewer Registrations
Secured credit value rose 73.4% to GH¢31.5 billion in Q2 2026.
In Brief
- •Secured credit value rose 73.4% to GH¢31.5 billion in Q2 2026.
- •Security‑interest registrations fell 32.2% year‑on‑year to 92,033.
- •Banks accounted for 63.1% of the value, with foreign‑controlled banks contributing GH¢14.1 billion and indigenous banks GH¢5.7 billion.
- •Construction led the sector with GH¢9.9 billion, a tenfold jump from GH¢989 million a year earlier.
- •SMEs secured GH¢3.8 billion, up 28.9% YoY but down from Q1.
Why It Matters
The sharp rise in secured‑credit value signals a strengthening of Ghana’s credit market, a key component of the country’s broader lending recovery. However, the decline in registration volumes and the concentration of value in large banks and the construction sector raise questions about the breadth of credit access, especially for SMEs and rural enterprises that drive employment and inclusive growth. Understanding these dynamics is essential for policymakers and investors assessing the effectiveness of monetary policy and the sustainability of credit expansion.
Key Details
- Total Secured Credit Value
- GH¢31.5 billion
- YoY Growth
- 73.4%
- Registrations
- 92,033
- YoY Registration Decline
- 32.2%
- Construction Secured Credit
- GH¢9.9 billion
- SME Secured Credit
- GH¢3.8 billion
Context & Background
Ghana’s banking data show a strong lending recovery, with gross loans and advances up 39.4% YoY to GH¢124.3 billion by June 2026, and private businesses and households accounting for 96.2% of bank credit.
Original Reporting & Sources
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