The Bank of Ghana (BoG) has warned the public against 20 mobile loan applications it says are operating without the required licence or authorisation.
In a public notice dated Tuesday, September 8, 2026, the central bank said the affected operators were providing digital credit services in violation of the Directive for Digital Credit Service Providers in Ghana issued in September 2025.
The affected applications are Cascredit, Cash Future, Cash Cedi, Cashpal, Cashpal Pro, CreditGo, Funds Credit, Glow Credit, Moni Wave, MoniLend, Nova Cedi, Onua Loan, Quick Cedi, Sika Boost, Sika Credit, Sompa Loan, Sune Credit, Swift Lend, Target Credit and Zoom Advance.
The Bank said the latest action forms part of its efforts to sanitise Ghana’s digital credit space and protect consumers from entities providing digital credit services without the necessary regulatory approval.
According to the BoG, “The operations of these entities constitute significant violations of customer data privacy, consumer protection, and established regulatory standards.”
The regulator has therefore urged members of the public not to engage with the listed operators.
Banks, Specialised Deposit-Taking Institutions and Payment Service Providers have also been cautioned against facilitating or processing transactions on behalf of unlicensed digital loan providers.
The BoG said it will continue working with relevant state institutions to identify, investigate and take appropriate enforcement action against unlicensed operators.
“The Bank of Ghana will 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, safety, and stability of the financial sector.”
The central bank also advised the public to report any information about unlicensed digital credit providers to its Fintech and Innovation Department.
The latest notice follows an earlier directive by the BoG requiring existing unlicensed mobile loan applications and digital credit service providers to regularise their operations by June 30, 2026.
The central bank subsequently warned that operators that failed to comply with the deadline could face regulatory action.
The BoG has also published a list of approved digital credit products and applications to help consumers identify authorised providers.
The regulatory framework requires companies providing digital credit services to obtain the necessary licence or authorisation before operating in Ghana.
