The introduction of the credit-scoring system is expected to enhance access to credit facilities for individuals and businesses alike. Moreover, it will encourage responsible financial behavior while discouraging risky borrowing practices. In a recent address at the KNUST Congregation, Vice President Dr. Mahamudu Bawumia revealed that Ghana’s biometric national identity card, known as the Ghana Card, will serve as the cornerstone of an upcoming credit-scoring system. The innovative system, set to be launched next year, aims to distinguish between high and low-risk borrowers, revolutionizing the lending landscape in the country. Is the Credit Scoring system good for the general public ?

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