A Credit Reference Bureau or Agency is a company that gathers and maintains data on the credit history of individuals, businesses and organisations, and make this information available to relevant users. These bureaus also collect the personal details of the borrowers including name, address, occupation and contact address.

These agencies gather the data of the borrowing and repayment information from various sources including creditors, banks, hired debt collectors, utility providers and others.

The information gathered by these bureaus are shared with potential lenders. The lenders use this information to determine the credit-worthiness of a potential borrower. This is a very important tool for lenders to access the potential payback capacity of the borrower, risk and interest rate determination.

There following is the list of the licensed Credit Reference Bureaus in Ghana.

Source: Bank of Ghana