Construction takes largest share of secured credit at GH¢9.9bn in Q2

The construction sector emerged as the largest recipient of secured credit in Ghana in the second quarter of 2026, receiving nearly GH¢9.9 billion, according to the latest data from the Bank of Ghana’s Collateral Registry.

Secured credit to the sector surged by 900.1% year-on-year, rising from GH¢989.2 million in Q2 2025 to GH¢9.9 billion in Q2 2026.

The figure represents 31.4% of the total GH¢31.5 billion in secured credit registered during the quarter, making construction the biggest destination for secured financing.

The sector also recorded strong growth on a quarterly basis. Secured lending to construction increased by 147.3%, from GH¢4.0 billion in the first quarter of 2026 to GH¢9.9 billion in the second quarter.

Commerce and Finance was the second-largest recipient of secured credit, attracting GH¢8.1 billion during the quarter.

However, the sector recorded a more modest 25.9% year-on-year increase compared with construction.

Services followed with GH¢4.4 billion, although secured lending to the sector grew by a stronger 154.8% year-on-year.

The Mining and Quarrying sector received GH¢3.3 billion, while Manufacturing accounted for GH¢1.4 billion.

The Collateral Registry data also points to significant quarterly changes in secured lending across several sectors.

Secured credit to Mining and Quarrying increased by 645.8% quarter-on-quarter, while lending to Electricity, Gas and Water rose by 716.1%.