The Bank of Ghana (BoG) has directed all unlicensed mobile loan applications and digital credit providers operating in the country to regularise their activities by June 30, 2026, or face regulatory sanctions.
The bank warned that these sanctions will include suspension and shutdown.
A notice issued by the bank announced that effective November 3, 2025, it will begin accepting applications from entities seeking to operate as Digital Credit Services Providers under new licensing guidelines.
The guidelines, the bank explained, have been introduced to bring order, transparency, and consumer protection to Ghana’s digital lending space.
The BoG stressed that those that fail to comply within the stated period risk “appropriate regulatory action” as part of broader efforts to strengthen oversight and safeguard public trust in Ghana’s fintech and digital credit ecosystem.
It asked operators to submit the required documentation to the FinTech and Innovation Office for approval before the June 2026 deadline.
By: Rainbowradioonline.com/Ghana