BoG warns public against 20 unlicensed digital loan apps
In a public notice issued on Monday, the BoG said the activities of the operators breach Ghana’s digital lending regulations. The notice follows the coming into force of the Directive for Digital Credit Service Providers in Ghana in September 2025.
The Bank of Ghana has cautioned the public against dealing with 20 digital loan applications it says are operating without approval.
The central bank says the apps are offering digital credit services through mobile applications and other online platforms without the required licence.
In a public notice issued on Monday, the BoG said the activities of the operators breach Ghana’s digital lending regulations.
The notice follows the coming into force of the Directive for Digital Credit Service Providers in Ghana in September 2025.
According to the Bank, unlicensed digital lenders expose borrowers to several risks, including poor consumer protection, misuse of personal data and non-compliance with financial sector rules.
The affected applications 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 and Zigwe Loan.
The Bank of Ghana urged the public not to borrow from or transact with the listed platforms.
It also warned regulated financial institutions against supporting their operations.
“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 central bank stated.
The BoG said it will continue working with relevant state agencies to identify and investigate illegal digital lenders.
It added that enforcement action will be taken against operators found to be violating the law.
The central bank said the move is intended to protect consumers and preserve confidence in Ghana’s financial system.
It also encouraged members of the public to report unlicensed digital loan providers to help promote a safer and more transparent digital finance space.
