The Greater Accra Region dominated Ghana’s Q3 2024 secured loan market (62.8%), with GCB Bank leading lenders at 16.4%.
-As GCB Bank Tops Lenders In Q3 2024
The Greater Accra region dominated Ghana’s secured loan market, accounting for 62.8% of the total value of loans granted by banks and Specialised Deposit-Taking Institutions (SDIs) In the third quarter of 2024, according to the latest Quarterly Collateral Registry Brief.
Despite its significant share, this marks a decline from the 75.7% recorded during the same period in 2023.
The Ashanti and Western regions followed, with shares of 19.2% and 4.8%, respectively, while the Oti and North East regions recorded the lowest shares, at just 0.02% and 0.01%. These disparities are attributed to varying levels of economic activity across the regions. Together, the Greater Accra, Ashanti, and Western regions accounted for over 80% of the total value of secured loans during the quarter.
Among banks, GCB Bank PLC emerged as the leading lender, holding 16.4% of the total value of secured loans. Consolidated Bank Ghana Limited ranked second with 10.9%, followed by Zenith Bank (8.1%), Ecobank Ghana Ltd. (8.0%), and Guaranty Trust Bank Ltd. (7.6%).
Conversely, United Bank for Africa Ghana Limited (UBA) and National Investment Bank (NIB) recorded the smallest shares, at 0.6% and 0.3%, respectively.
This report highlights the concentration of secured loans in regions with robust economic activities and underscores the competitive landscape among Ghana’s top lending institutions.
Last Updated on March 14, 2025 by samboadu
