Credit growth in Ghana’s banking sector recorded a significant increase in the first half of 2026, reflecting stronger lending activity across the economy.
According to the Bank of Ghana’s July 2026 Monetary Policy Report, gross loans and advances rose by 39.4% year-on-year to GH¢124.3 billion by the end of June 2026. This represents a sharp improvement compared with the 5.5% growth recorded during the same period in 2025.
The strong expansion in bank credit was largely driven by increased lending to the private sector. Credit extended to private businesses and households grew by 39.6% to GH¢119.1 billion, significantly exceeding the 9.2% growth recorded a year earlier.
Meanwhile, lending to the public sector also showed signs of recovery. Public sector credit increased by 5.6% to GH¢4.7 billion at the end of June 2026, following a substantial 31.3% decline recorded in June 2025.
The latest figures point to a notable recovery in credit growth and private sector financing, as Ghana’s banking industry continues to support businesses, households and broader economic activity. The increase in bank lending could also provide additional financing for investment, business expansion and economic growth.
Source: newsthemegh.com