The Association of Ghana Industries (AGI) is appealing for clearer and more predictable regulatory guidelines to improve access to credit for businesses, warning that ambiguities in the current lending framework continue to constrain growth.
According to the AGI, many small and medium-sized enterprises (SMEs) face difficulties securing loans due to unclear requirements from financial institutions. The group argues that this uncertainty discourages investment and expansion.
The Bank of Ghana (BoG) has recently expanded credit access initiatives, but the AGI says more work is needed to ensure businesses can benefit. The association recommends standardized lending criteria and better communication from regulators.
Industry leaders emphasize that predictable rules would help businesses plan and invest with confidence. The AGI is urging the BoG to engage stakeholders in developing a transparent framework.
