The Bank of Ghana (BoG) has directed all mobile loan applications and digital credit service providers operating without a license to regularise their operations or face regulatory sanctions.
In a notice issued on November 3, 2025, the central bank stated that unlicensed entities must submit the required documentation and meet all licensing requirements by June 30, 2026.
“Failure to comply with this notice will result in appropriate regulatory action being taken against the non-compliant entities,” the statement warned.
The Bank of Ghana also confirmed that, effective November 3, 2025, it has begun accepting applications from entities seeking to operate as Digital Credit Service Providers..