The total number of collateral registrations recorded for the 4th quarter of 2024 was estimated at 106,748.
This represented a year-on-year growth of 73.1% compared to 61,674 registrations in the same quarter of 2023.
According to the Quarterly Collateral Registry by the Bank of Ghana, a breakdown of the registrations across the various categories of lenders showed that Savings and Loans Companies (S&Ls) dominated with 92,687 registrations in Quarter 4 (Q4) 2024, an increase of 85.3% from the 50,007 registrations recorded in Q4 2023.
Registrations by Rural and Community Banks (RCBs) increased by 26.9% to 9,313 in Q4 2024 from 7,340 in Q4 2023.
Similarly, registrations by banks increased by 11.3% to 1,712 in Q4 2024 from 1,538 registrations in Q4 2023.
Leasing Companies recorded seven registrations, the lowest during the period under review, and a marginal increase over the six registrations recorded in Q4 2023.
Searches
The total number of searches conducted inched up by 16.2% year-on-year to 18,129 in Q4 2024, from 15,600 in Q4 2023.
Savings & Loans Companies conducted 13,737 searches, the highest number of searches during the review period, accounting for 75.8% of the total number of searches.
This was followed by Rural and Community Banks with 2,923 searches, representing 16.1% and banks with 737 searches, indicating 4.1% of all searches conducted at the Registry in Q4 2024.
Microfinance and Micro Credit Institutions conducted the least number of searches with respective percentage shares of 0.9% and 0.2% in Q4 2024.
Searches by the other lending institutions and the public accounted for the remaining 2.9% of the total number of searches conducted during the review period.
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