Ghanaian-owned banks significantly increased their secured lending in the second quarter of 2026, more than doubling the value of credit registered with the Collateral Registry compared with a year earlier.
The banks registered GH¢5.7 billion in secured credit during the quarter, representing a 112.4% increase from the GH¢2.7 billion recorded in the same period of 2025, according to the Bank of Ghana’s Collateral Registry data.
Despite the strong growth, foreign-controlled banks continued to account for the larger share of secured credit registered by the banking sector.
Foreign-controlled banks registered GH¢14.1 billion in Q2, representing 71.1% of the GH¢19.9 billion secured credit registered by banks during the quarter.
Their figure was 19.3% higher than the GH¢11.8 billion recorded in Q2 2025.
The figures therefore show a widening contrast in growth rates, with Ghanaian-owned banks recording substantially faster year-on-year growth, even though foreign-controlled banks continued to dominate in value terms.
The position was similar on a quarterly basis. Ghanaian-owned banks increased their secured credit registrations by 19.7%, from about GH¢4.8 billion in Q1 2026 to GH¢5.7 billion in Q2.
Foreign-controlled banks also recorded growth over the period, maintaining their 71.1% share of the secured credit registered by banks.
Overall, banks accounted for GH¢19.9 billion of secured credit registered during the quarter, making them the largest lender category by value in the Collateral Registry data.
