{
  "id": 8351824,
  "title": "Total value of secured loans hits GH¢31.5bn in quarter 2 2026",
  "url": "https://urgent.news/2026/09/19/total-value-of-secured-loans-hits-gh-31-5bn-in-quarter-2-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-19T01:16:21.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/total-value-of-secured-loans-hit-gh%c2%a231-5bn-in-quarter-2-2026/"
  },
  "original_language": "en",
  "account": "In the second quarter of 2026, the total value of secured credit in Ghana reached GH¢31.5 billion, according to the Bank of Ghana's Second Quarter Brief on collateral registry. This marked a significant year-on-year growth of 73.4%, compared to the GH¢18.2 billion recorded in the same period last year.\n\nBanks led the secured transactions market by value, with a total of GH¢19.9 billion, or 63.1% of the total secured credit registered. This represented a 36.6% increase year-on-year, from GH¢14.5 billion in the previous quarter. Other lending institutions contributed GH¢8.3 billion, accounting for 26.3% of the total.\n\nWhen comparing the first and second quarters of 2026, the total value of secured credit grew by 57.5%. Banks and Rural and Community Banks saw increases of 21.5% and 12.2%, respectively. However, Savings and Loans, Micro Finance Institutions, and Micro Credit Institutions experienced declines in their secured lending activities.\n\nForeign-controlled banks dominated the secured lending landscape, registering GH¢14.1 billion of the GH¢19.9 billion in secured credit. This accounted for 71.1% of the total, a 19.3% increase from the GH¢11.8 billion recorded in the second quarter of 2025. Indigenous banks registered GH¢5.7 billion in secured credit, reflecting a remarkable year-on-year growth of 112.4% from the GH¢2.7 billion in the previous quarter.",
  "summary": "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.",
  "key_points": [
    "Total secured loans in Ghana reached GH¢31.5 billion in Q2 2026",
    "Banks led secured transactions with GH¢19.9 billion, 63.1% of total",
    "Foreign-controlled banks dominated secured lending at 71.1%"
  ],
  "editors_take": "The surge in secured lending, led by banks and foreign-controlled institutions, signals a significant expansion of credit access in Ghana, favouring banks and certain lenders over others in the market.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}