BoG proposes tougher rules on loan repayment assessment‎

‎Paragraph 53 of the draft states that “collateral shall not be used as a substitute for a comprehensive assessment of repayment capacity.11, GNA – The Bank of Ghana (BoG) has proposed rules requiring lenders to assess borrowers’ ability to repay loans from income and cash flows, rather than rely on collateral.‎“The valuation of collateral shall reflect fair values, accounting for market liquidity and realisation timeframe” the draft states.