Notice – Requirement to Participate in the Credit Reporting System – Bank of Ghana

https://www.bog.gov.gh/news/notice-requirement-to-participate-in-the-credit-reporting-system/
Success
Service Business Lending 35% Consumer Lending 25%
Specialism Data Governance 65% Supervision 60%
2026-02-23 09:26:56 · rghosh@vixio.com
ID
2895974
GUID
a0997f40ef6717169e06a3f0792ace3b

Classification

Service
Business Lending (35%)

Credit reporting system participation is tangentially related to lending risk assessment but does not directly regulate payment services, products, or infrastructure.

Consumer Lending (25%)

Credit information sharing supports lending decisions across financial institutions but is primarily a prudential/supervisory matter rather than payments-specific regulation.

Specialism
Data Governance (65%)

The update concerns credit reporting system participation requirements, which relates to data governance and internal record-keeping obligations for financial institutions, though the primary focus is on credit information collection rather than payment-specific data.

Supervision (60%)

The expansion of participation requirements and supervisory monitoring represents ongoing regulatory oversight, though this is general financial supervision rather than payments-specific supervision.

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TITLE: Ghana's Central Bank Expands Credit Reporting System Participation Requirements BODY: On February 20, 2026, the Bank of Ghana issued Notice No BG/GOV/SEC/2021/13, expanding the category of institutions required to participate in the Credit Reporting System (CRS) in accordance with the Credit Reporting Regulations, 2020 (L.I 2394). The notice broadens the scope of mandatory participation beyond previously designated institutions to include additional categories of financial service providers. This expansion reflects the Bank of Ghana's commitment to enhancing financial transparency and consumer credit information accessibility across the financial services sector. The CRS serves as a centralised mechanism for collecting, maintaining, and sharing credit information on borrowers, enabling financial institutions to make informed lending decisions and assess credit risk more effectively. The expanded participation requirements apply to all newly designated institution categories as specified in the notice. Financial institutions and other relevant entities falling within the expanded categories must ensure compliance with the CRS participation obligations and related reporting requirements under the Credit Reporting Regulations, 2020. Institutions should review the full notice to identify whether they fall within the newly expanded categories and take necessary steps to register with and participate in the CRS if not already doing so. The Bank of Ghana's supervisory framework will monitor compliance with these expanded participation requirements. **Reference:** Bank of Ghana Notice No BG/GOV/SEC/2021/13 – Requirement to Participate in the Credit Reporting System
  • ✓ Scraped:2026-02-23 09:26:56
  • ✓ Created:2026-02-23 09:26:55
  • ✓ By:rghosh@vixio.com (52)