The Bank of Ghana (BOG) has issued a notice expanding the scope of its Credit Reporting System (CRS) to include additional categories of financial institutions. This action, taken under the authority of the Credit Reporting Regulations, 2020 (L.I 2394), mandates participation from entities previously not covered by the system. The specific notice BG/GOV/SEC/2021/13 outlines these expanded requirements, aiming to enhance credit information sharing and financial stability.

Financial institutions falling under the newly defined categories must ensure their compliance with the CRS reporting obligations. While this notice itself does not specify an immediate compliance deadline, it signals a regulatory expansion that requires affected entities to integrate with the CRS. Compliance officers should review the linked notice (BG/GOV/SEC/2021/13) to identify specific reporting requirements and any associated timelines or penalties for non-adherence.