judy.legal
Login Register

Borrowers and Lenders Act, 2020 🇬🇭


Coat of Arms
Republic of Ghana


The one thousand and fifty-second

Act

of the parliament of the republic of ghana
entitled

Borrowers and Lenders Act, 2020

  • Published by Government Gazette on 29 December 2020
  • Assented to on 29 December 2020
  • Commenced on 29 December 2020
AN ACT to regulate transactions between borrowers and lenders, to establish a Collateral Registry, to provide a legal framework for the registration and enforcement of security interests in collateral, to establish an order of priority of security interests, to provide for credit agreements generally and provide for related matters.PASSED by Parliament and assented to by the President

Application, Creation of Security Interest and Credit Agreement

1. Application with respect to security interest

(1)This Act applies to a security interest other than a security interest mentioned in subsection (3), and includes(a)a credit agreement that provides for a security interest in property;(b)the creation of a security interest, the effectiveness of a secur…

There's more. Sign in to continue reading

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 20,000 cases, recent judgments, statutes, and rules of court.


Get started   Login