The Bank of Ghana (BoG) has stepped up efforts to clamp down on illegal digital lending activities, placing 20 loan applications and platforms on its blacklist for operating without regulatory approval.
The central bank said the affected digital credit providers have been offering loans to consumers through mobile applications and online platforms without obtaining the necessary licence required under Ghana’s financial regulations.
In a public notice issued on Monday, August 3, 2026, the BoG cautioned the public against dealing with the listed platforms, warning that transactions with unlicensed lenders expose borrowers to potential risks, including violations of data privacy, weak consumer protection measures and other regulatory breaches.
The action follows the implementation of the Directive for Digital Credit Service Providers in Ghana, which came into force in September 2025 to regulate activities within the rapidly growing digital lending sector.
The Bank also directed banks, Specialised Deposit-Taking Institutions and Payment Service Providers to avoid providing support or processing transactions for the identified illegal operators.
The affected applications include 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 BoG said the continued operation of unlicensed digital lenders undermines efforts to build a safe and transparent digital finance ecosystem and could leave consumers vulnerable to unfair lending practices.
“The general public is therefore strongly advised not to engage with unlicensed loan providers,” the Bank stated, adding that regulated financial institutions must not facilitate activities of illegal lenders.
The central bank further announced that it would continue collaborating with relevant state agencies to identify, investigate and sanction operators providing financial services without authorisation.
It urged members of the public to report suspected illegal digital lending activities as part of measures to protect consumers and strengthen confidence in Ghana’s financial sector.
