The Bank of Ghana's Collateral Registry Report for quarter 2, 2026, reveals that foreign-controlled banks accounted for a dominant share of secured credit registered by banks. They registered GH¢14.1 billion, representing 71.1% of the total GH¢19.9 billion. This reflects an increase of 19.3% over the second quarter of 2025 value of GH¢11.8 billion.
In contrast, indigenous banks registered total credit of GH¢5.7 billion during the review period. This corresponds to a year-on-year growth of 112.4% from GH¢2.7 billion recorded in the second quarter of 2025. The distribution underscores the continued dominance of foreign-controlled banks in secured lending, while also reflecting steady growth among indigenous banks.
Large Enterprises received GH¢13.8 billion, equivalent to 43.9% of the total registered secured credit. This reflects a year-on-year increase of 18.3%. Other Borrowers received GH¢10.1 billion, representing 32.0% of total credit. Advances of secured credit to Small Medium Enterprises increased by 28.9% to GH¢3.8 billion in the second quarter of 2026 from GH¢2.9 billion in the second quarter of 2025.
The Construction sector received the largest share of registered secured credit within the period, amounting to GH¢9.9 billion, equivalent to 31.4% of total registered credit. The Commerce and Finance sector recorded a 25.9% increase, with credit values increasing from GH¢6.4 billion to GH¢8.1 billion over the review period.
Secured lending to the Services sector also expanded significantly, increasing by 154.8%. This suggests a growing demand for credit in the sector. The report highlights the significance of secured credit in Ghana's financial landscape, with a total value of secured loans hitting GH¢31.5 billion in quarter 2, 2026.
According to the report, security interest registrations declined by 32.2% in quarter 2, 2026. Despite this decline, the banking industry remains a crucial sector in Ghana's economy. The Bank of Ghana Governor, Dr. Johnson Asiama, has emphasized the importance of maintaining a stable financial system.
The Ghanaian banking sector continues to navigate various challenges, including systemic vulnerabilities. However, the Bank of Ghana has assured that these vulnerabilities remain broadly subdued. The sector is expected to maintain its growth trajectory, driven by initiatives such as the Collateral Registry, which aims to enhance transparency and accountability in secured lending.
Key points
- Foreign-controlled banks dominate secured credit in Ghana, accounting for 71.1% of total registered credit.
- Large Enterprises received 43.9% of total registered secured credit, with a year-on-year increase of 18.3%.
- The Construction sector received the largest share of registered secured credit, amounting to 31.4% of total registered credit.
