In a significant step towards boosting financial inclusion and advancing the formalization of Ghana’s economy, Vice President Dr. Mahamudu Bawumia has launched the National Credit Scoring System, branded as MyCreditScore.
This groundbreaking initiative aims to transform credit access for Ghanaians, providing a streamlined, cash-free way to make purchases and fostering a culture of financial responsibility.
The MyCreditScore system, which has been developed in collaboration with private sector partners, introduces a credit scoring model designed to make it easier for citizens to secure loans and financing.
By evaluating individuals’ creditworthiness based on payment history and financial habits, the system offers a more comprehensive approach to credit access, helping Ghanaians build and maintain credit profiles.
