The Bank of Ghana has stepped up its campaign against unlicensed digital lending, urging the public to avoid 20 digital credit platforms currently operating without authorisation.
In a public notice released on Monday, 3 August 2026, the central bank directed all regulated financial institutions to refrain from facilitating the activities of these entities.
The BoG stated that the providers continue to extend digital loans to Ghanaians via mobile applications and other online channels despite lacking the required licence.
Their operations violate the Directive for Digital Credit Service Providers in Ghana, which came into force in September 2025.
The Bank warned that these unlicensed services expose consumers to serious risks, including breaches of data privacy, weak consumer protection and non-compliance with regulatory standards.
The 20 unlicensed 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 general public is therefore strongly advised not to engage with unlicensed loan providers. Banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs) are also cautioned against facilitating or processing transactions on behalf of unlicensed loan providers”, the statement added.
The Bank of Ghana confirmed it will keep collaborating with other state agencies to detect, investigate and take enforcement action against illegal digital lenders.
These efforts aim to safeguard consumers and maintain trust in the country’s financial system. The public has also been encouraged to report any unlicensed lending activities directly to the Bank as part of broader measures to eliminate illegal digital credit and foster a safer, more transparent digital finance environment.
