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Collateral Registry Marks 15 Years, Embraces Innovation and Collaboration for Future Growth

 The Collateral Registry of Ghana is embarking on an ambitious journey to drive growth and innovation in the country's credit market.

With a focus on leveraging technology, reforming policies, and fostering partnerships, the Registry aims to enhance its efficiency, security, and user experience.

The First Deputy Governor, Bank of Ghana, Dr. Zakari Mumuni, speaking at the anniversary celebrations in Accra, noted that the BoG is investing
in advanced technologies- including artificial intelligence, to enhance the
system’s efficiency, security, and user experience. 

"As we look ahead, our vision for the Registry is ambitious. We are investing in advanced technologies, including artificial intelligence, to enhance the system’s efficiency, security, and user experience. We will also undertake policy and regulatory reforms to ensure the legal framework remains agile and responsive to the evolving credit landscape," Dr. Mumuni emphasized.

Collateral Registry 
Dr. Zakari Mumuni, First Deputy Governor, Bank of Ghana.

The Registry's strategic initiatives include the adoption of advanced technologies to streamline processes, improve data management, and reduce risks. Additionally, the Registry will work closely with policymakers to ensure that the regulatory framework supports the growth of the credit market and promotes financial inclusion.

Collaboration and Partnerships

The Registry will also deepen its partnerships with key institutions, including the Driver and Vehicle Licensing Authority (DVLA), the Office of the Registrar of Companies (ORC), the Lands Commission, the International Finance Corporation (IFC), and the Swiss State Secretariat for Economic Affairs (SECO).

These collaborations will introduce global best practices, technical support, and expertise to drive further impact and support the growth of the credit market in Ghana," the First Deputy Governor noted.

Collateral Registry

Promoting Financial Inclusion

By investing in technology, reforming policies, and partnering with institutions, the Collateral Registry aims to build a resilient and inclusive financial system that benefits all Ghanaians.

The Registry's initiatives are expected to promote financial inclusion, support the growth of small and medium-sized enterprises (SMEs), and contribute to the overall development of Ghana's economy.

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