Chief Executive of Dun and Bradstreet Group has painted a gloomy picture for Ghana’s credit market.
Miguel Llenas, has claimed that research conducted has revealed that an unsatisfactory credit market is contributing to the high interest rates.
Mr. Llenas, who comes from the Dominican Republic, where non-performing-loans is less than four percent is therefore calling for strict mechanisms to obtain accurate data and information of borrowers and consumers.
Miguel Llenas, claims that, “Dun and Bradstreet have invested 3 million dollars in Ghana and one of the most powerful technologies in the credit bureau world is being brought to Ghana”.
Mr. Llenas added that his outfit which officially launched its operations in Ghana last week is bringing the powerful technology to enhance credit reporting in Ghana.