• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

BoG Lauds Collateral Registry’s Role in Deepening Financial Inclusion, Enhancing Credit Risk Management

2 months ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
80
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

BoG Lauds Collateral Registry’s Role in Deepening Financial Inclusion, Enhancing Credit Risk Management

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has lauded the Collateral Registry for its pivotal role in expanding access to credit and deepening financial inclusion in the country.

Delivering a keynote address on his behalf at the 15th anniversary of the establishment of the Collateral Registry, First Deputy Governor of the Central Bank, Dr. Zakari Mumuni, noted that the Registry has transformed the credit ecosystem by allowing Micro, Small, and Medium Enterprises (MSMEs) to use movable assets such as stock, receivables, and tools of trade as collateral to access credit.

“This development is a significant step toward democratizing finance in Ghana,” said Dr. Mumuni. “By unlocking access to credit for underserved groups, the Registry has contributed meaningfully to job creation, business resilience, and local economic growth.”

The Registry, he stated, has also played a critical role in bridging the information gap between borrowers and lenders. Through real-time verification of pledged assets, the platform has reduced lending risks and improved the accessibility of credit.

Financial institutions, Dr. Mumuni explained, now benefit from more robust credit risk management systems due to the Registry. “Today, financial institutions make better-informed lending decisions, and borrowers enjoy more predictable and efficient processes,” he added.

Enforcement of security interests has also seen notable improvements. Rather than enduring prolonged court procedures, lenders can now obtain a Memorandum of No Objection from the Registry to efficiently realize security interests. Over 4,450 such certificates have been issued to date.

Established in February 2010 under the Borrowers and Lenders Act, 2008 (Act 773)—now replaced by the 2020 Act (Act 1052)—the Collateral Registry was created to address challenges within Ghana’s secured credit system. Prior to its creation, lending was largely constrained by fragmented legal frameworks, limited data on collateral, and a preference for immovable assets, restricting credit access for businesses lacking traditional security.

According to Dr. Mumuni, the Registry has since offered a centralized and transparent platform for the registration of both movable and immovable assets, enabling lenders to better assess credit risk and protect their interests.

Looking to the future, Dr. Mumuni disclosed that the Central Bank is investing in advanced technologies—including artificial intelligence—to enhance the Registry’s efficiency, security, and user experience.

He also hinted at ongoing policy and regulatory reforms aimed at keeping the legal framework agile and responsive to Ghana’s evolving credit landscape.

“As we commemorate this milestone, we remain committed to leveraging innovation and regulatory agility to ensure the Registry continues to support a dynamic, inclusive financial ecosystem,” Dr. Mumuni concluded.

Tags: BoG Lauds Collateral Registry's Role in Deepening Financial InclusionCollateral RegistryEnhancing Credit Risk Managementfinancial inclusionMSMEs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.