BoG flags 20 unlicensed mobile loan apps

The Bank of Ghana (BoG) has flagged 20 mobile loan applications for operating without the required licence or authorisation.

In a notice issued on Wednesday, September 9, 2026, the central bank said the operations of the identified loan providers violate regulatory requirements, particularly rules on customer data privacy and consumer protection.

BoG has therefore advised the public not to engage with the unlicensed loan providers and urged customers to verify the regulatory status of digital lenders before using their services.

The central bank has also cautioned banks, Specialised Deposit-Taking Institutions (SDIs) and Payment Service Providers (PSPs) against facilitating or processing transactions for unlicensed digital credit providers.

According to BoG, the notice forms part of efforts to sanitise Ghana’s digital credit sector and protect consumers from entities operating outside the regulatory framework.

The Bank said the activities of the identified providers contravene the Directive for Digital Credit Service Providers in Ghana, issued in September 2025.

BoG stressed that digital lenders must obtain the necessary licence or authorisation before offering credit services to the public.

Below is the list of Apps;