By: Henrietta Afful
The Collateral Registry of Ghana marked its 15th anniversary with a commemorative event in Accra, celebrating a decade and a half of transforming access to credit and supporting financial inclusion.
Speaking on behalf of the Governor of the Bank of Ghana, Dr. Johnson Asiama, First Deputy Governor, Dr. Zakari Mumuni, hailed the Registry as a “pillar of Ghana’s financial architecture” and a “quiet but powerful enabler of enterprise.”
“As we mark 15 years, let us recommit to building a system that is resilient, inclusive, and empowering for all Ghanaians,” Dr. Mumuni stated.
Established in 2010, the Collateral Registry has played a key role in formalizing movable assets as collateral, helping micro, small, and medium enterprises (MSMEs) gain access to much-needed financing.
The Collateral Registry is one of the key innovations introduced by the Bank of Ghana to reduce information asymmetry between borrowers and lenders in credit transactions.
Backed by a robust legal framework and modern technology, the Registry facilitates the registration of notices of security interests, enables lenders to conduct searches on pledged assets to determine existing encumbrances, and supports the enforcement of collateral in the event of borrower default.
Since its establishment in 2010, the Registry has significantly improved credit risk assessment, enhanced transparency in lending, and enabled micro, small, and medium enterprises (MSMEs) to use movable assets as collateral to access financing.
Stakeholders at the event emphasized the importance of continuous innovation and regulatory support to deepen financial access for underserved communities.
