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BoG orders unlicensed digital lenders to register by June 2026 or face sanctions
Summary by GBC Ghana Online
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BoG orders unlicensed digital lenders to register by June 2026 or face sanctions
By Ruth Serwaa Asare The Bank of Ghana (BoG) has ordered all unlicensed mobile loan apps and digital credit providers operating in the country to regularize their activities by June 30, 2026, or risk sanctions such as suspension or closure. Starting November 3, 2025, the central bank will begin accepting applications from companies seeking to operate as Digital Credit Service Providers under newly introduced licensing guidelines aimed at ensurin…
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