27
Nov
The total number of collateral registrations recorded for Q3 2024 was 95,340, as revealed by the Bank of Ghana in its Quarterly Collateral Registry Brief. This compares to 56,314 registrations in the same quarter of 2023, reflecting a 69.3% year-on-year growth. A breakdown of registrations across the various categories of lenders showed that Savings and Loans Companies (S&Ls) dominated with 82,737 registrations in Q3 2024, marking an increase of 81.4% from the 45,601 registrations recorded in Q3 2023. Registrations of collateral by Rural and Community Banks (RCBs) also increased by 31.2%, from 6,278 in Q3 2023 to 8,235 in Q3…