In a move set to reshape Ghana's financial landscape, Vice President Dr.
Mahamudu Bawumia has officially launched MyCreditScore, a National Credit Scoring System designed to enhance financial inclusion and support the formalization of the country's economy.
Developed in collaboration with private sector partners, the MyCreditScore system introduces a modern approach to credit access by evaluating individuals' creditworthiness based on their financial behaviour, including payment history.
This initiative is expected to streamline credit processes, allowing Ghanaians to make purchases without the immediate need for cash while also promoting responsible borrowing practices.