The total value of secured loans granted by banks and Specialised Deposit Taking Institutions (SDIs) in Quarter 4 (Q4) 2024 was GH¢8.2 billion.

This is relative to the GH¢5.9 billion recorded in Q 4 2023, indicating an increase of 38.9% year -on -year terms.

Banks accounted for GH¢5.7 billion of the total value of secured loans in Q 4 2024, depicting a n increase of 26.7% from GH¢4. 5 billion recorded in Q 4 2023.

On the other hand, the total value of secured loans recorded by SDIs in Q4 2024 amounted to GH¢2. 5 billion, an increase of 78.6% from GH¢1. 4 billion recorded for the same period in 2023.

Distribution of Secured Loans

Banks registered the largest share of the total value of secured loans in Q 4 2024, with 69.5%, relative to 76.3% in Q 4 2023.

The share of secured loans by S&Ls increased to 17. 4% in Q 4 2024 from 13.3% in Q 4 2023. This was followed by the RCBs with a percentage share of 10. 4% in Q 4 2024 from 6.9% in Q 4 2023.

Similarly, the share of secured loans by Microfinance Institutions decreased marginally to 1.4% in Q4 2024 from 1.7% in Q4 2023.

The share of the total value of secured loans by Finance Houses decreased marginally to 0.3% from 0.5% in Q 4 2023.

The cumulative share of secured loans from the remaining lending institutions decreased marginally to 1.0%in Q4 2024 from 1. 2% during the same comparative period in 2023.