GCB Takes 17.8% of Ghana’s Credit Market Share as Lending Lead Widens
Ghana’s credit market expanded sharply in 2025, as banks responded strongly to improving economic and financing conditions and stronger demand for credit. However, the growth was not evenly shared, with GCB Bank taking an increasingly larger share of the expansion in credit. According to the 2026 Ghana Banking Survey published by the professional services firm … The post GCB Takes 17.8% of…
In 2025, Ghana's credit market saw significant growth, expanding by 23.4% to GH¢105.1 billion from GH¢85.1 billion in 2024. GCB Bank played a crucial role in this expansion, taking a substantial 17.8% share of the industry loans and advances, a 3.6 percentage point lead over the next closest competitor. This growth was driven by lower lending rates, improved macroeconomic stability, and increased demand for working capital and investment financing.
PwC's Ghana Banking Survey highlighted GCB Bank's strong performance, with a 12.0% share of industry lending in 2023, growing to 15.4% in 2024 and 17.8% in 2025. The bank's deposit base was equally impressive, constituting 12.37% of industry deposits in 2025, up from 10.52% the previous year.
While GCB's rapid lending expansion is impressive, it also raises concerns about asset quality. The survey notes that non-performing loans have often risen after periods of strong credit growth. However, GCB's NPL ratio improved from 19% in 2023 to 10% in 2025, indicating that the growth in lending was not associated with a deterioration in loan quality.
GCB's Managing Director, Farihan Alhassan, emphasized the bank's responsibility in using the entrusted resources to support growth and create opportunities for businesses, households, and productive sectors of the economy.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
