credit scoring

Ghana is set to introduce credit scoring system next year to allow Ghanaians access to personal loans and help financial institutions control allocation of risks and costs with their clients. Vice President Dr. Mahamudu Bawumia announced this at the 57th congregation of the Kwame Nkrumah University of Science and Technology (KNUST). He believes that the credit system will ensure discipline in the payment of loans. “Ghana early next year will be introducing a credit scoring system for individuals. Every individual will have a credit score. Right now, our credit scoring system does not exist. “So, everybody is seen as risky…