The Bank of Ghana (BoG) has warned the public and licensed financial institutions against dealing with 20 unlicensed digital credit service providers operating in the country.

In a public notice signed by the Secretary to the Bank, Aimee Vyda Quashie, and dated August 3, 2026 (Notice No. BG/GOV/SEC/2026/25), the central bank said it had observed the continued operation of entities offering digital loans without its approval.

The BoG referred to an earlier notice (Notice No. BG/GOV/SEC/2026/22) and said the companies were operating "without the requisite licence or authorisation from the Bank of Ghana" in breach of the Directive for Digital Credit Service Providers in Ghana (September 2025), published under Notice No. BG/GOV/SEC/2025/30, as well as other relevant laws.

The unlicensed mobile loan applications identified by the central bank are:

1. Adamfo Loan

2. Agyapacredit

3. Amanfi loan

4. Arco Cash

5. Aya lend

6. Bucks Now

7. CediGo

8. CGrab

9. DumboCash

10. FCash

11. Gh Loans

12. Gh Loans pro

13. Hasty Credit

14. Newgry Money Tree

15. Omanpesa

16. PoPoCedi

17. Ready Money

18. Sika Tap

19. Sikapa Loan

20. Zigwe Loan

The central bank warned that using these applications could expose customers to significant risks.

According to the BoG, "the operations of these entities constitute significant violations of customer data privacy, consumer protection, and established regulatory standards."

It said it would continue working with relevant state institutions to identify, investigate and take enforcement action against the operators.

The regulator said it would "continue to collaborate with relevant state institutions to identify, investigate, and take appropriate enforcement action against such entities in order to safeguard consumers and uphold the integrity and stability of the financial sector."

The BoG also cautioned banks, Specialised Deposit-Taking Institutions (SDIs) and Payment Service Providers (PSPs) against facilitating or processing transactions on behalf of unlicensed loan providers.

It further encouraged members of the public who become aware of the operations of unlicensed loan providers to report them to the Bank's Fintech and Innovation Department through its official telephone lines, email addresses or website.

Members of the public who become aware of the operations of unlicensed loan providers are encouraged to report them to the Bank of Ghana via the following channels:

- Office: The Head, Fintech and Innovation Department, Bank of Ghana, The Bank Square, 42 Castle Road, Ridge, Accra

- Telephone: +233 30 273 9650

- Email: fintech@bog.gov.gh / digitalcredit@bog.gov.gh

- Website: www.bog.gov.gh