Ghana Credit Reporting Strengthening Project Phase 3

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This project is designed to fortify the legal and institutional foundations of Ghana's credit reporting framework. Technical assistance and advisory support will be provided to the Bank of Ghana and key players in the credit information sharing ecosystem, including credit bureaus and financial institutions, to ensure the effective implementation of the Credit Reporting Regulations, 2020. Key aspects such as data submission, privacy, data security, and dispute resolution will be addressed. The project will also work on eliminating the current barriers that impede the credit reporting system's efficiency. Furthermore, it aims to enhance the use of alternative data and analytics by credit bureaus to improve access to credit for micro and small enterprises, which are predominantly informal and lack a credit history.