By Daily News Flash | September 27, 2026
Secured credit to Ghana’s agriculture sector fell sharply in the second quarter of 2026 as lending shifted to construction.
According to the Collateral Registry Department of the Bank of Ghana, credit to Agriculture, Forestry and Fishing declined by 29.3 percent quarter-on-quarter to GH¢784.9 million, down from GH¢1.11 billion in the first quarter.
The Registry, in its latest report, said overall secured lending expanded by 57.5 percent to GH¢31.48 billion, with construction emerging as the largest recipient, attracting GH¢9.89 billion or 31.4 percent of total credit.
The construction sector recorded a 147.3 percent increase from GH¢4 billion in the first quarter, accounting for nearly one-third of all secured credit registered during the review period.
Despite the quarterly contraction, agriculture posted an annual gain, rising 37.3 percent from GH¢571.6 million in the second quarter of 2025 to GH¢784.9 million in the corresponding period of 2026.
The report identified agriculture and Cottage Industries as the only sectors to record declines in the quarter, with Cottage Industries contracting by 25.5 percent.
Mining and Quarrying registered one of the sharpest increases, with secured credit rising by 645.8 percent to GH¢3.34 billion from GH¢448.4 million in the previous quarter.
Lending to the Electricity, Gas and Water sector also surged by 716.1 percent to GH¢1.13 billion.
Commerce and Finance, Manufacturing, and Transport and Haulage were among the other sectors that recorded quarterly increases in secured credit.
Source: http://AccessAgric.com / By Jibril Abdul Mumuni
