The Bank of Ghana (BoG) has flagged 20 mobile loan applications for operating without the required licence or authorisation to provide digital credit services in Ghana.
In a notice to the general public, the central bank said it had observed the continued operation of entities offering digital loans to Ghanaians through mobile platforms without the necessary regulatory approval.
The Bank explained that such activities contravene Ghana’s regulatory requirements for Digital Credit Service Providers and could raise concerns relating to consumer protection and customer data privacy.
The 20 loan applications identified by the Bank of Ghana are:
- Adamfo Loan
- Agyapacredit
- Amanfi Loan
- Arco Cash
- Aya Lend
- Bucks Now
- CediGo
- CGrab
- DumboCash
- FCash
- Gh Loans
- Gh Loans Pro
- Hasty Credit
- Newgry Money Tree
- Omanpesa
- PoPoCedi
- Ready Money
- Sika Tap
- Sikapa Loan
- Zigwe Loan
The BoG said the entities were operating without the requisite licence or authorisation from the central bank.
The latest warning forms part of the Bank of Ghana’s broader efforts to regulate Ghana’s rapidly expanding digital credit sector. The Bank has previously directed existing mobile loan applications and digital credit providers operating without licences to regularise their operations.
In an earlier notice, the BoG stated that the deadline for unlicensed digital credit providers to regularise their operations had elapsed on June 30, 2026. Entities that failed to comply could subsequently face regulatory action.
The central bank has also repeatedly warned the public to exercise caution when dealing with digital lenders and to ensure that they use providers duly licensed by the Bank of Ghana.
According to the regulator, the activities of unlicensed digital lenders can create risks for consumers, particularly in relation to customer data, privacy and consumer protection.
The BoG’s latest notice therefore serves as a reminder to members of the public to verify the regulatory status of a digital lending service before engaging with it.
The Bank has also indicated that it will publish and maintain an updated list of licensed Digital Credit Service Providers to help consumers identify legitimate operators.
The development comes as the Bank of Ghana continues efforts to strengthen oversight of Ghana’s digital financial services sector and ensure that businesses providing credit through mobile applications operate within the established regulatory framework.
Notice: Unlicensed Digital Credit Services Providers. pic.twitter.com/Om835F1LOC
— Bank of Ghana (@thebankofghana) September 8, 2026
Source: Thepressradio.com
