ARTICLE · 09 JULY 2025

Legal Framework Of Lending Transactions In Ghana

Asare Bediako & Co

Explore more from Asare Bediako & Co

Lending transactions are at the heart of modern banking and commerce, and in Ghana, these transactions are shaped by a combination of statutory law...

GhanaFinance and Banking

Maria Mbroba Biney

Author LinkedIn connections

Introduction

Lending transactions are at the heart of modern banking and commerce, and in Ghana, these transactions are shaped by a combination of statutory law, common law, and evolving regulatory frameworks. For legal practitioners and banking professionals alike, a solid understanding of the applicable laws, transaction structures, and documentation requirements is essential to mitigate risks and enhance compliance.

This article outlines the legal and regulatory context governing lending in Ghana, discusses the practical steps involved in loan transactions, and highlights the pivotal role of guarantees in credit risk management.

Applicable Laws

The primary statutes governing lending transactions in Ghana include:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Ghana’s IPO Comeback: Lessons From The First Atlantic Bank, ZEN Petroleum And Kasapreko IPOs

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Why Ghana Is Set To Become West Africa’s Most Inviting Market For Non-Trading Investors

GhanaFinance and Banking

Bank Of Ghana Issues Guidelines For Non-interest Banking In Ghana

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Bank Of Ghana Issues Implementation Framework For The Financial Inclusion For Persons With Disabilities Directive

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Bank Of Ghana Introduces New Framework For Microfinance Institutions

GhanaFinance and Banking

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Finance and Banking
- Charges, Mortgages, Indemnities
- Financial Services

Related Comparative Guides

Comparative Guide

Alternative Investment Funds

Comparative Guide

Project Finance

Comparative Guide

Capital Markets

Comparative Guide

Banking & Finance

See more popular content from

Finance and Banking

Bank Of Ghana Introduces New Framework For Microfinance Institutions

The Bank of Ghana has reset the regulatory framework for microfinance, replacing a fragmented, activity-based regime with a structured system anchored on institutional form, capital strength, and governance.

GhanaFinance and Banking

Credit Rights Of A Borrower

In Ghana, lending transactions are primarily regulated by the Borrowers and Lenders Act, 2020 (Act 1052).

GhanaFinance and Banking

Asare Bediako & Co

Bank Of Ghana’s New Guidelines For Fit And Proper Persons – Key Changes

Ghana's Bank of Ghana and Financial Intelligence Centre have jointly issued new Guidelines on Fit and Proper Persons for Accountable Institutions in 2026, significantly expanding regulatory oversight beyond the 2019 framework. How do these enhanced requirements for financial integrity, beneficial ownership verification, and third-party service provider assessments reshape governance obligations for all BoG-licensed financial institutions?

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Ghana’s IPO Comeback: Lessons From The First Atlantic Bank, ZEN Petroleum And Kasapreko IPOs

After seven years of silence on Ghana's equity capital market, three major IPOs have emerged in six months, raising over GHS 2.1 billion and signaling renewed investor confidence. Drawing on direct advisory experience with First Atlantic Bank, ZEN Petroleum, and Kasapreko, this analysis examines what drove these transactions, how they were structured, and what they reveal about the future of Ghana's public markets.

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Bank Of Ghana Issues The Climate-Related Financial Risk Directive

In November 2024, the Bank of Ghana introduced the Climate-Related Financial Risk Directive for banks, specialised deposit-taking institutions, and non-bank financial institutions.

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Key Issues To Note From The Enactment Of The Borrowers And Lenders Act, 2020 (Act 1052)

The Borrowers and Lenders Act, 2020 (Act 1052) came into force on 29 December 2020. Pursuant to its powers under the New BL Act, the Bank of Ghana has issued Rules for the Effective Implementation of the New BL Act.

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Ghana Investment Promotion Centre Minimum Capital Requirement vs Bank Of Ghana Integrity Capital: A Fintech Focused Comparison

Capital is a fundamental component in the establishment and operation of any business. It typically refers to the financial resources that a company must have to start and sustain its activities...

GhanaFinance and Banking

Note To FSPs And Start-Ups As Bank Of Ghana Pilots Regulatory Sandbox

The Fintech and Innovation office of the Bank of Ghana ("BoG"), in August 2022, launched a regulatory and innovation sandbox pilot (the "Regulatory Sandbox") in response...

GhanaFinance and Banking

Bank Of Ghana Issues Implementation Framework For The Financial Inclusion For Persons With Disabilities Directive

In January 2025, the Bank of Ghana (BoG) issued the Financial Inclusion for Persons with Disabilities Directive (the FIPD Directive), marking a significant step towards inclusive financial services in Ghana.

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah

Bank Of Ghana Issues The Directive On Financial Inclusion For Persons With Disabilities Directive

In January 2025, the Bank of Ghana (BoG) issued the Financial Inclusion for Persons with Disabilities Directive (the FIPD Directive) to ensure that persons with disabilities (PWDs) have reasonable and fair access...

GhanaFinance and Banking

Bentsi-Enchill, Letsa & Ankomah