bg_image
Credit Reporting Act, 2007 (Act 726).

Section 2. (1) A person shall not establish, operate or conduct business as a credit bureau unless that person has obtained a licence for that purpose from the ...

Credit Reporting Act, 2007 (Act 726).

Section 3: (1) An application for licence to operate or engage in the activities of a credit bureau shall be(a) made in writing to the Bank, and (b) in the pres ...

Credit Reporting Act, 2007 (Act 726).

Section 6: (1) The Bank shall not grant a licence to a person to carry on the business of a credit bureau unless the person(a) is incorporated as a company unde ...

Credit Reporting Act, 2007 (Act 726).

Section 7: (1) A licence granted by the Bank is subject to conditions specified in the licence.(2) Without limiting the effect of sub-section (1), an applicant ...

Credit Reporting Act, 2007 (Act 726).

Section 10 (1) Where an applicant (a) pays the stipulated fees, and (b) satisfies the pre-conditions for the grant of a licence, the Bank shall grant the licenc ...

Credit Reporting Act, 2007 (Act 726).

(1) The Bank shall revoke a licence if the Bank is satisfied that the credit bureau(a) has repeatedly failed to comply with the terms and conditions of the lice ...

Credit Reporting Act, 2007 (Act 726).

Section 12(1):  A credit bureau may engage in the following activities:(a) gather and maintain data for the formation of credit histories; (b) process cred ...

Credit Reporting Act, 2007 (Act 726).

Section 14: (1) The Bank shall carry out on-site inspection of the applicant's premises to determine the adequacy of the applicant's security system including(a ...

Credit Reporting Act, 2007 (Act 726).

Section 16(1): A person shall not transfer a licence granted by the Bank of Ghana to another person. ...

Credit Reporting Act, 2007 (Act 726).

Section 18: (1) A credit bureau is required to have a minimum paid-up capital of five billion cedis.(2) The minimum paid up capital shall be invested in assets ...