Ghana’s Borrowers and Lenders Act 773 will soon be amended, the country’s Finance Minister Seth Terpker disclosed in Accra today May 8, 2013.

The Minister made this known at the launch of Ghana’s newly redesigned web-based Collateral Registry run by the central bank.

The ACT 773 which was passed by Parliament in 2008 was to provide the legal framework for credit, improve standard of disclosure and prohibit certain practices in the credit market.

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