Accra, March 10, – The Bank of Ghana has directed telecoms, utilities, retailers, and post-paid operators to feed customer data into the national Credit Reporting System (CRS) for stronger lending and risk assessment.
Acting Secretary Aimee Vyda Quashie’s notice reinforces the 2021 expansion under Credit Reporting Regulations, 2020 (L.I. 2394). It covers electricity/water providers, FinTechs, mobile money firms, MSME lenders, student loans, and hire-purchase retailers.
The CRS (Credit Reporting Act, 2007 – Act 726) gives lenders real-time repayment histories, cutting defaults via diverse payment data.
Institutions must onboard via XDS Data Ghana Ltd, Dun & Bradstreet Credit Bureau Ltd, or My Credit Score Ltd—or apply to BoG’s Financial Stability Department. “This is a regulatory must for credit market strength,” BoG stressed.
GHBUSS
10 March 2026
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