Foreign-owned banks maintained their dominance of Ghana’s secured lending market in the second quarter of 2026, accounting for more than 70 per cent of the credit registered by banks during the period.
According to a report by the Collateral Registry Department of the Bank of Ghana, foreign-owned banks registered GHS14.1 billion in secured credit between April and June 2026, representing 71.1 per cent of the GHS19.9 billion secured credit registered by the banking sector.
The figure represents a 19.3 per cent year-on-year increase compared with the GHS11.8 billion recorded by foreign-owned banks during the corresponding period in 2025.
Ghanaian-owned banks, on the other hand, registered GHS5.7 billion in secured credit during the quarter, accounting for 28.9 per cent of the banking sector’s total.
Despite their smaller share of the market, indigenous banks recorded significantly stronger year-on-year growth. Their secured lending increased by 112.4 per cent from GHS2.7 billion in the second quarter of 2025.
The figures point to the continued dominance of foreign-owned institutions in Ghana’s secured lending market, while also showing growing lending activity among locally owned banks.
The overall secured credit market also recorded significant expansion during the quarter. The total value of secured credit advanced and registered rose to GHS31.5 billion, representing a 73.4 per cent increase from GHS18.2 billion recorded in the second quarter of 2025.
Banks accounted for 63.1 per cent of the total value of secured credit registered during the period, making them the largest source of secured lending.
On a quarter-on-quarter basis, foreign-owned banks increased their secured lending from GHS11.6 billion in the first quarter of 2026 to GHS14.1 billion in the second quarter, representing a 22.2 per cent increase.
Ghanaian-owned banks also recorded growth over the same period, with secured credit rising from GHS4.8 billion to GHS5.7 billion, equivalent to a 19.7 per cent increase.
The Bank of Ghana report further indicated increased activity on the collateral registry platform. Searches conducted on the system rose by 13.9 per cent year-on-year to 19,518 during the period.
The increase in searches, according to the report, indicates growing reliance on secured transaction mechanisms and greater use of credit due diligence by lenders.
The data comes amid a reduction in lending rates across the banking industry, with industry rates reported at about 10 per cent.
GNA
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