SIM re-registration to enhance creditworthiness checks, reduce defaults
The government’s planned SIM re-registration exercise is being presented as a strategic measure to enhance digital lending by improving how financial institutions evaluate the creditworthiness of borrowers.
Minister for Communication, Digital Technology and Innovation, Sam Nartey George, explained that the initiative will provide lenders with more reliable data, strengthening credit risk assessment within Ghana’s growing digital finance sector.
He noted that the policy aims to ensure data accuracy, minimise default rates, and boost confidence in digital lending services.
“This is one of the key objectives of the SIM registration exercise. It will enable digital lenders who provide essential credit to SMEs to better assess the creditworthiness of their clients. That is why it is important for everyone to participate,” the Minister stated.
He made these comments during the press launch of the 2026 3i Africa Summit at the Bank of Ghana, where he emphasised the need to incorporate SIM registration data into formal credit evaluation systems.
The initiative is expected to tackle persistent challenges linked to inadequate borrower data, which have limited the expansion of digital credit and increased risks for lenders.
Mr. George further indicated that integrating SIM registration data with credit profiling systems would encourage responsible lending practices and widen access to financial services, especially for underserved populations.
He also highlighted the growing importance of collaboration among regulators and innovators, pointing to developments such as interoperable payment systems, increased mobile money usage, and the expansion of digital lending and savings platforms.
The 3i Africa Summit 2026 is scheduled to take place from May 6 to 8 at the Destiny Arena, bringing together key stakeholders to shape the future of Africa’s digital financial landscape.
Held under the theme “Shaping Africa’s Integrated FinTech Future,” the summit will focus on promoting financial integration, innovation, and cross-border partnerships across the continent.
A key feature of this year’s event is the introduction of the Next Gen Talent and Careers Forum, designed to address the skills gap in Africa’s rapidly evolving fintech sector.
The forum will link students and young professionals with industry leaders, offering opportunities for mentorship, skills development, and employment, which is critical to leveraging Africa’s youthful and fast-growing population.
The summit will also attract a high-level mix of participants, including Heads of State, central bank governors, fintech executives, investors, technology and AI leaders, as well as research institutions.
Organisers believe the event will create opportunities to transform financial service delivery, expand access, and empower millions across Africa.
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