In response, Bright Simons, Vice President of IMANI Ghana, a Think Tank, questioned the accuracy of Bawumia's information, with further support from IMANI President Franklin Cudjoe. However, XDSData Ghana Limited clarified in a press release that it has not produced individual credit scores in the country. The mandatory use of the Ghana Card for financial transactions since July 1, 2022, has facilitated the submission of Ghana Card information to the bureau, but slow penetration remains a challenge. Ghana aims to introduce a credit scoring system next year, with the Ghana Card serving as its anchor. The announcement has sparked debate, with some claiming that individual credit scores are already in practice, prompting XDSData to clarify its position.

Source: GhanaWeb December 06, 2023 20:32 UTC