The Bank of Ghana (BoG) has published a list of 20 mobile loan applications operating illegally in the country, warning the public to desist from engaging with these unlicensed digital credit providers.
In a public notice dated August 3, 2026, the central bank named and shamed the rogue operators, which include popular-sounding applications such as Sika Tap, CediGo, PoPoCedi, and SikaPa Loan. The full list also features Adamfo Loan, Agyapacredit, Amanfi loan, Arco Cash, Aya Lend, Bucks Now, CGrab, DumboCash, FCash, Gh Loans, Gh Loans Pro, Hasty Credit, Newgry Money Tree, Omanpesa, Ready Money, and Zigwe Loan.
The Bank of Ghana said these entities are conducting digital lending activities without the requisite licence or authorisation, in flagrant violation of the Directive for Digital Credit Service Providers in Ghana published in September 2025. The notice, signed by the Secretary of the Bank, Aimee Vyda Quashie, stated that the continued operations of these unlicensed providers constitute "significant violations of customer data privacy, consumer protection, and established regulatory standards."
This latest action follows an earlier notice from the Bank on the same issue, indicating that the central bank is ramping up its enforcement efforts against unregulated digital lenders who have been operating with impunity. The regulator expressed concern that these platforms have been exploiting Ghanaians through predatory lending practices, often accompanied by aggressive debt recovery tactics and unauthorised access to borrowers' personal data.
The Bank of Ghana has directed all licensed financial institutions, including Banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs), to refrain from facilitating or processing any transactions on behalf of these unlicensed entities. This move is intended to cut off the financial infrastructure that enables these rogue operators to function.
The central bank has assured the public that it will continue to collaborate with relevant state institutions to identify, investigate, and take appropriate enforcement action against such entities to safeguard consumers and uphold the integrity and stability of the financial sector.
Members of the public who encounter the activities of these or any other unlicensed loan providers have been encouraged to report them directly to the Bank's Fintech and Innovation Department. Reports can be made via telephone at +233 30 273 9650 or through email at
The Bank of Ghana's action reflects growing concerns about the proliferation of unregulated digital credit platforms that have flooded the Ghanaian market, often preying on vulnerable individuals seeking quick access to funds without fully understanding the terms and conditions of the loans. Regulators globally have been grappling with how to rein in such platforms, which often operate across borders and leverage technology to bypass traditional regulatory oversight.
