- About Us
- My Account
- Contact Us
The idea of Credit Referencing took some time to sink in the first time I met Mr. George Ahiafor, CEO of XDS Data Ghana sometime in 2005. Credit Referencing even as a concept, was not popular in Ghana, let alone, be made practical and yet, the team from XDS Data believed it would be possible.
XDSDATA Ghana Limited, the first licensed Credit Reference Bureau in Ghana, will go live on 1stApril 2010. This means that lenders that are registered with the Bureau and supply data to it can then make credit checks on loan applicants as well as trace defaulters in the Bureaus database from the comfort of their offices.
|91-day T.Bill (Nominal)||9.37%|
|182-day T.Bill (Nominal)||10.09%|
|1 Year Note (Nominal)||11.00%|
|2 Year Fxd Rate Note||11.50%|
|3 Year Fxd Rate Bond BOG Policy Rate||12.50%|
|GHANA STOCK EXCHANGE|
|Last Week Change||3.53%|
|Year To Date Change||12.54%|
In November 2003 Xdsdata was registered following intensive feasibility studies and market analyses. Intensive data, business and technical analysis was carried out to enable us understand the challenges faced by various data providers in Ghana. In May 2004 the Ghana Association of Bankers appointed XDS DATA GHANA LTD to help develop a functioning credit referencing system for the banking community. In accordance with the Associationâ€™s directive we embarked on data collection activities from banking and Non Banking financial Institutions, utility and retail companies and made helpful suggestions as well as offered practical assistance to many banks on the importance of quality data for efficient referencing system. The result has been the development and implementation of world class software for unique search and matching algorithms to retrieve the best possible match with minimum input data supplied by the users and capable of meeting the local challenge of identifying prospective clients in spite of the poor address system and lack of unique personal identification data In 2005 and 2006 Xdsdata made modest contributions towards the drafting of a legislative framework for the credit reporting Bill and helped defend the credit reporting Bill that was passed into law that same year. Having satisfied the conditions for the granting of a credit bureax license under the Credit Reporting Act 2007 (Act 726), Xdsdata Ghana Ltd was granted license in December 2008 to become the first credit referencing Bureau in Ghana and West Africa to operate a credit bureau.
Our able team of specialists has many years of experiences in the credit solutions domain in the world over. Our partners XDS, have being involved in credit bureau, fraud, authentication, credit risks projects, with extensive experience in the African market, notably South Africa where they operate a credit bureau. We also have a team of analysts specialized in dealing with the challenges of poor data quality in developing economies.
Our focus is in the Banking, Non-Bank Financial institutions, Insurance, Telecommunications, Utility, and Retail markets.