Loans without collateral is now possible in Ghana
Aug 20th, 2022
·
Business
·
5 min read
With less than three months for the bank recapitalization exercise to end, the Bank of Ghana, BoG, has been advised to strengthen its supervisory department to prevent the collapse of commercial banks in the future.
In addition, the bank must implement the deposit insurance scheme to protect citizens who have deposited their monies with the commercial banks with a view to make returns on it.
Speaking exclusively to Goldstreet Business in Accra, Chief Executive Officer, CEO, of XdsData, a credit reference bureau, Mr. George Ahiafor said issues leading to the take-over or consolidation of seven banks in the country could have been detected earlier if the audit and supervisory departments of the apex bank were strengthened and made to work.
Speaking exclusively to Goldstreet Business in Accra, Chief Executive Officer, CEO, of XdsData, a credit reference bureau, Mr. George Ahiafor said issues leading to the take-over or consolidation of seven banks in the country could have been detected earlier if the audit and supervisory departments of the apex bank were strengthened and made to work.
In addition, the bank must implement the deposit insurance scheme to protect citizens who have deposited their monies with the commercial banks with a view to make returns on it.
You'll Probably Also Like:
Loans without collateral is now possible in Ghana
Ghanaians can now access credit or loans from the banks and other financial institutions without necessarily providing any physical collateral. Mr George Ahiafor, Chief Executive Officer of XDS Data Ghana…The Story Of XDSData Ghana
It takes guts to stop pursuing one's career, especially a flourishing one with a global financial institution such as Standard Chartered Bank and branch out to establish a hitherto unknown…Credit Referencing Services Bureau in Ghana
What is your assessment of the financial sector in Ghana and what are the challenges that Ghana is facing? The financial sector in Ghana in my view is underdeveloped. At…Loans without collateral is now possible in Ghana
Ghanaians can now access credit or loans from the banks and other financial institutions without necessarily providing any physical collateral. Mr George Ahiafor, Chief Executive Officer of XDS Data Ghana…The Story Of XDSData Ghana
It takes guts to stop pursuing one's career, especially a flourishing one with a global financial institution such as Standard Chartered Bank and branch out to establish a hitherto unknown…Credit Referencing Services Bureau in Ghana
What is your assessment of the financial sector in Ghana and what are the challenges that Ghana is facing? The financial sector in Ghana in my view is underdeveloped. At…XDSDATA is the first licensed credit reporting bureau in Ghana. We assist lenders in the critical areas of their operations through the provision of timely and reliable credit information uniquely designed to suit the needs of credit markets.
Who We Are
Help & Support
Resources
© 2024 XDSDATA All rights reserved.