• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Commerce and Finance Sector Leads in Secured Loans, Capturing 36.3% Share in Q2 2024

1 year ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
51
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Commerce and Finance Sector Leads in Secured Loans, Capturing 36.3% Share in Q2 2024

The Bank of Ghana’s Q2 2024 Collateral Registry Brief reveals that the Commerce and Finance sector emerged as the leading recipient of secured loans, capturing 36.3% of the total value.

This was followed by the Services sector at 16.6% and the Construction sector, which accounted for 9.8%.

The Manufacturing sector received 4.4% of secured loans, while the Mining and Quarrying sector garnered 2.2%.

The Agriculture, Forestry, and Fishing sectors received just 1.1%, with smaller sectors like Transport and Haulage at 0.7% and Electricity, Gas, and Water at a mere 0.1%.

Total secured loans granted by banks and Specialized Deposit-Taking Institutions (SDIs) soared to GH¢10.8 billion in Q2 2024, marking an impressive 83.1% increase from GH¢5.9 billion in the same period of 2023.

This growth underscores the rising demand for credit within Ghana’s financial sector, primarily driven by banks.

RelatedPosts

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

Global Crude Exports Set to Hit All-Time High in October

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

Banks were the predominant force in the secured lending landscape, disbursing GH¢9.1 billion—an 85.7% increase from GH¢4.9 billion in Q2 2023.

This substantial growth underscores the essential role banks play in the economy by extending credit to both corporate and retail clients. The Collateral Registry confirms that banks remain the primary drivers of credit expansion in Ghana.

Specialized Deposit-Taking Institutions also showed robust performance, with total secured loans reaching GH¢1.7 billion in Q2 2024—up 75.1% from GH¢971.1 million a year earlier. While this growth is notable, it was slightly eclipsed by the expansion observed in the banking sector.

In terms of market share, banks retained the largest portion of secured loans at 83.8% in Q2 2024, a slight increase from 83.7% in the previous year.

The market share of Savings and Loans Companies decreased marginally to 9.5%, down from 9.8% in Q2 2023, reflecting a more competitive landscape.

Conversely, Rural and Community Banks increased their market share from 5.2% to 4.4%, indicating their growing influence in the secured lending market.

Meanwhile, Microfinance Institutions saw a slight decline in their share, slipping to 1.0% from 1.1%.

Tags: Capturing 36.3% Share in Q2 2024Commerce and Finance SectorCommerce and Finance Sector Leads in Secured Loans

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

WAFU B U17 BOYS: Black Starlets Ease Past Nigeria to Book U17 AFCON Ticket

UEFA Champions League: Galatasaray Shocks Liverpool, Mbappé bags Hat-trick as Real Madrid Run Riot

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review

Everything You Need to Know About CAF’s Ordinary General Assembly – Kinshasa 2025

Sinner Storms into Beijing Final as Gauff Battles Past Bencic

Trending

Features

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

October 1, 2025

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH The Ghana Stock...

Global Crude Exports Set to Hit All-Time High in October

October 1, 2025
Bank of Ghana

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

October 1, 2025

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

October 1, 2025

WAFU B U17 BOYS: Black Starlets Ease Past Nigeria to Book U17 AFCON Ticket

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.