Loans and advances increased by 39% to GH¢124.3bn in June 2026

Bank lending, or credit, surged by 39.4% in June 2026 compared to the previous year, reaching a total of GH¢124.3 billion. This substantial increase marks a dramatic 39.6% growth in loans and advances to private enterprises and households, which is significantly higher than the 9.2% growth observed a year prior. Credit to the public sector, on the other hand, saw a recovery with a 5.6% rise to GH¢4.7 billion, after a sharp 31.3% contraction in the same period of 2025.

The data from the July 2026 Monetary Policy Report reveals that the private sector's share of total credit surged to 96.2%, up from 95.1% in the previous year. Conversely, the public sector's share dropped to 3.8% from 4.9%, highlighting the ongoing trend of banks channeling most of their lending towards private sector activities.

The services sector maintained its dominant position, accounting for 36.6% of total lending, though this was slightly lower than its share in 2025. The commerce and finance sector followed with a 24.1% share, while the construction sector experienced a notable rise, representing 10.7% of total credit. These three sectors combined made up 71.4% of total industry lending, slightly lower than the 72.3% recorded a year earlier, suggesting a modest diversification in the sectoral distribution of credit.