Ghana: BoG to Publish, Blacklist Loan Defaulters - -Second Deputy Governor

Ghana: BoG to Publish, Blacklist Loan Defaulters - -Second Deputy Governor

The Bank of Ghana (BoG) has announced that individuals who borrow from financial institutions and fail to repay their loans will soon have their names published and be blacklisted, preventing them from accessing future credit. The measure, disclosed by BoG's Second Deputy Governor, Mrs Matilda Asante-Asiedu, aims to deter intentional loan defaults and promote a culture of responsible borrowing.

BoG Cracks Down on Loan Misuse, Warns Against Rising Default Rates

The Bank of Ghana (BoG) has intensified efforts to ensure financial stability in the country by calling on businesses and individuals to honour their loan repayment obligations. This comes amid growing concerns over the misuse of credit and rising default rates, which the central bank says pose a significant threat to Ghana’s credit system. Speaking at a sensitisation programme organised for members of the Ghana National Chamber of Commerce and …