Ghana news briefing
BoG warns against 20 unlicensed mobile loan apps
Synthesised from 2 Ghanaian sources
The Bank of Ghana (BoG) has cautioned the public against engaging with 20 digital loan applications operating without the required licence or authorisation from the central bank.
In a notice issued on Monday, August 3, 2026, the Bank said it had observed the continued operations of entities providing digital credit services to the Ghanaian public through online platforms without approval, contrary to the Directive for Digital Credit Service Providers in Ghana issued in September 2025.
The Bank further advised the general public to avoid using unlicensed loan providers, while urging banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs) not to facilitate or process transactions on behalf of unauthorised digital credit providers.
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