Governor, Bank of Ghana, Dr Ernest Addison
The Bank of Ghana has announced that it has reviewed the fees for collateral registry services effective 1 July 2021.
In a statement, the central bank said: “Pursuant to Section 77 of the Borrowers and Lenders Act, 2020 (Act 1052) and further to its Notice No. BG/GOV/SEC/2021/07 dated 19 April 2021”, it is announcing for the information of all banks, specialised deposit-taking institutions, non-bank financial institutions and the general public that with effect from 1 July 2021, the fees for the services of the collateral registry shall be as follows:
i. Registration of Secured Interest: GH¢20.00
ii. Searches: GH¢10.00
It said all banks, specialised deposit-taking institutions, non-bank financial institutions and the general public are to take note and be guided accordingly.