Bank lending in Ghana grows by a third
Loans reached GH¢128.3bn by the end of August, up 34.6% in a year, with almost all of it going to the private sector, the Bank of Ghana says.
Taiwo Banjoko
Accra — Lending by Ghana's banks has picked up sharply. Gross loans and advances rose 34.6% to GH¢128.3 billion by the end of August 2026, compared with growth of 10% a year earlier, according to the Bank of Ghana's September Monetary Policy Report, MyJoyOnline reports.
Where the money went
- The private sector's share of all credit rose to 96.1%, from 95.5%.
- Lending to the public sector grew 16.1%, after shrinking by 26.9% a year earlier.
- Services took the biggest share of loans, 37.7%, followed by commerce and finance (22.4%) and construction (11.3%).
- Those three sectors together took 71.3% of lending, down from 73.5%, a sign of slightly more diversified lending.
The central bank attributes the expansion to stronger lending to the private sector and a rebound in credit to the public sector.
Source: MyJoyOnline, Joy Business, 17 October 2026.
