Banks dominate credit enquiries in Ghana for 2025
Banks drive 86% of loan enquiries in Ghana as mobile money lending grows per Bank of Ghana report
Banks have accounted for 86% of total credit enquiries in Ghana throughout 2025 according to the latest Banking Statistics released by the Bank of Ghana. This shows how dominant traditional financial institutions remain in credit seeking behaviour across the country.
The report attributes the surge in enquiries to the rapid rise of mobile money platforms offering instant loans and increasing access to payroll advances. Many Ghanaians are turning to both digital lenders and formal banks to meet immediate financial needs.
Industry analysts indicate this pattern reflects wider economic pressures facing households as inflation continues to impact disposable incomes. The high volume of enquiries suggests growing reliance on formal credit channels despite the expansion of alternative financing options.
The Bank of Ghana statistics highlight how conventional banks continue to dominate credit seeking despite fintech growth. No specific public event was announced in the report.