The total value of secured loans granted by banks and Specialised Deposit-Taking Institutions in the 3rd quarter of 2024 was concentrated in the Greater Accra region.

This accounted for a percentage share of 62.8%.

According to the Quarterly Collateral Registry Brief, this represented a decrease of 12.9% from the 75.7% share recorded during the same period in 2023.

The Ashanti and Western regions followed with respective shares of 19.2% and 4.8% of the total value of secured loans received.

The lowest recipients of the total value secured loans in the 3^rd quarter of 2024 were the Oti and North East regions with respective shares of 0.02% and 0.01% during the period under review.

The report said the differences in the share of the total value of secured loans could largely be attributed to the variations in the level of economic activity across the various regions.

In summary, the Greater Accra, Ashanti and Western regions accounted for more than 80.0% of the total value of secured loans granted and registered by banks and SDIs in quarter 3, 2024.

GCB records 16.4% of secured loans

Meanwhile, a breakdown of the total value of secured loans granted by banks in the third quarter of 2024 revealed that five banks accounted for more than 50% of the total value of secured loans.

GCB Bank PLC held 16.4% of the total value of secured loans, followed by Consolidated Bank Ghana Limited with a 10.9%, Zenith Bank with 8.1%, Ecobank Ghana Ltd. with 8.0% and Guaranty Trust Bank Ltd. with 7.6%.

United Bank for Africa Ghana Limited (UBA) and National Investment Bank (NIB) accounted for the two lowest shares of secured loans granted and registered during the review period, with respective shares of 0.6% and 0.3% during the period under review.