The Bank of Ghana (BoG) has announced that it will begin accepting licensing applications from entities offering mobile loan and digital credit services, effective November 3, 2025.
In a public notice signed by Acting Secretary Aimee Vyda Quashie, the central bank stated that all existing operators in the digital credit space must regularise their activities with the Bank by June 30, 2026.
The directive applies to all mobile loan and digital credit providers currently operating without a BoG licence. These entities are required to submit the necessary documentation and meet all licensing requirements before the deadline.
The BoG cautioned that failure to comply with the directive will attract regulatory sanctions against non-compliant companies.
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