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BoG warns of regulatory action against Unlicensed Digital Credit Service Providers

By GhanaSummary Newsroom1 min read
BoG warns of regulatory action against Unlicensed Digital Credit Service Providers

The Bank of Ghana has indicated that it will soon take regulatory action against unlicensed Digital Credit Service Providers (DCSPs) operating in the country.

The bank also advised the public to exercise caution when dealing with digital credit providers and to ensure they engage only with entities duly licensed by the Bank of Ghana.

The central bank further disclosed that, in due course, it will publish and maintain an updated list of licensed Digital Credit Service Providers on its website.

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