The Bank of Ghana (BoG) has cautioned the public against using 20 mobile loan applications that are operating without the required licence or authorisation from the central bank.
In a public notice dated 3rd August 2026, the Bank said the unlicensed digital credit service providers continue to offer digital loans through online platforms in contravention of the Directive for Digital Credit Service Providers in Ghana (September 2025) and other relevant laws.
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According to the Bank, the operations of these loan apps constitute significant violations of customer data privacy, consumer protection, and established regulatory standards.
The affected mobile loan 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
- Zigwe Loan
The Bank of Ghana said it will continue to work with relevant state institutions to identify, investigate, and take appropriate enforcement action against unlicensed digital credit providers to protect consumers and safeguard the integrity and stability of the financial sector.
The Bank strongly advised the general public not to engage with unlicensed loan providers. It also cautioned banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs) against facilitating or processing transactions on behalf of these unlicensed entities.
The Bank further encouraged members of the public who become aware of the activities of unlicensed loan providers to report them to its Fintech and Innovation Department.
