Total value of secured loans hit GH¢31.5bn in quarter 2 2026
According to the report, banks continued to dominate the secured transactions landscape by value of registered credit, accounting for a total value of GH¢19.9 billion, equivalent to 63.1% of total secured credit value registered in the second quarter of 2026.
In Q2 2026, the total value of secured loans reached GH¢31.5 billion, marking a 73.4% year-on-year increase from GH¢18.2 billion in the previous quarter of 2025, according to the Bank of Ghana's Second Quarter Brief. Banks led the secured transactions, with a total value of GH¢19.9 billion, or 63.1% of the total secured credit. This represented a 36.6% rise from GH¢14.5 billion in Q2 2025.
Other lenders contributed GH¢8.3 billion, comprising 26.3% of the total value. Compared to Q1 2026, the total secured credit increased by 57.5%, with banks and Rural and Community Banks growing by 21.5% and 12.2% respectively. Conversely, Savings and Loans, Micro Finance Institutions, and Micro Credit Institutions saw declines. Foreign-controlled banks accounted for 71.1% of the total secured credit, totaling GH¢14.1 billion, a 19.3% increase from GH¢11.8 billion in Q2 2025.
Indigenous banks registered GH¢5.7 billion in secured credit, a substantial 112.4% growth from GH¢2.7 billion in Q2 2025. The data highlights the continued dominance of foreign-controlled banks in secured lending, alongside the steady growth among indigenous banks.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
