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.
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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.