The Bank of Ghana (BoG) has named 20 more mobile loan applications it says are offering digital credit to the public without the required licence or authorisation, in a public notice reported on Tuesday, October 6, 2026.
The central bank said the apps are operating in contravention of the Directive for Digital Credit Service Providers in Ghana, issued in September 2025, and warned the public not to deal with them.
It is the third list of 20 unlicensed loan apps the BoG has published in about two months. A first batch was named on August 3, 2026, and a second on September 9, 2026, meaning at least 60 apps have now been publicly flagged since August.
The regulator also cautioned banks, Specialised Deposit-Taking Institutions (SDIs) and Payment Service Providers (PSPs), including mobile money platforms, against processing transactions for the flagged lenders.
Full list of the 20 unlicensed loan apps named by BoG
The apps named in the October 6 notice are:
- Agile Loan
- AmanaPay
- CashWay
- Foutou Credit
- HastyCredit
- InsCash
- KudiNow
- LendAura
- Lever Credit
- LoanGlide
- NovaCedi
- Palm Loan
- PocketLoan
- Rite Credit
- SikaCare
- SikaNow
- Susu Loan
- Taploan Up
- Temivo Cedi
- Zatuloan
Borrowers who use any of these apps are advised to stop engaging with them and to check a lender’s licensing status with the Bank of Ghana before taking a loan.
Why the Bank of Ghana flagged the loan apps
According to the BoG, the activities of the unlicensed lenders amount to “significant violations of customer data privacy, consumer protection requirements and established regulatory standards.”
“The general public is therefore strongly advised not to engage with unlicensed loan providers,” the notice said.
It added: “Banks and Specialised Deposit-Taking Institutions (SDIs), Payment Service Providers (PSPs) are also cautioned against facilitating or processing transactions on behalf of unlicensed loan providers.”
BoG unlicensed loan apps list: August, September and October compared
The October list follows two earlier notices issued under the same September 2025 directive.
- August 3, 2026: 20 apps named, including Adamfo Loan, CediGo, Gh Loans, Omanpesa, PoPoCedi, Sika Tap and Zigwe Loan.
- September 9, 2026: 20 apps named, including Cash Cedi, CreditGo, MoniLend, Nova Cedi, Quick Cedi, Sika Credit and Zoom Advance.
- October 6, 2026: 20 apps named, including Agile Loan, KudiNow, NovaCedi, PocketLoan, SikaNow and Zatuloan.
- Total named since August: at least 60 apps across three notices.
Some names on the new list closely resemble apps flagged earlier. “Nova Cedi” appeared on the September list and “Hasty Credit” on the August list, while “NovaCedi” and “HastyCredit” appear on the latest one.
The crackdown is not new. In June 2023, the BoG published a list of 97 unlicensed entities giving loans through mobile apps, citing similar breaches of data privacy and consumer protection rules.
What the loan app warning means for borrowers
For many Ghanaians, loan apps offer quick cash with little paperwork. But unlicensed lenders sit outside BoG supervision, which means borrowers have little regulatory protection if something goes wrong.
The BoG’s concerns centre on customer data privacy and consumer protection, issues that have featured in public complaints about some digital lenders’ handling of borrowers’ personal information.
Because banks, SDIs and payment service providers have been told not to facilitate transactions for the flagged apps, users may also find payments to or from them disrupted.
The central bank has stepped up enforcement in other areas too. On Monday, it worked with police to arrest seven people in Accra over the misuse of cedi notes, as reported in our story on BoG and police arresting 7 for using cedi notes to make money bouquets.
What happens next
With three lists published in roughly two months, the pattern suggests the BoG is updating its unlicensed loan apps list as it identifies new operators.
Financial institutions and payment service providers are expected to comply with the instruction not to process transactions for the named apps. Consumers are advised to confirm that any digital lender is licensed before downloading an app or sharing personal details.
Key details at a glance
- Who: Bank of Ghana
- What: 20 mobile loan apps named as operating without a licence
- When: Notice reported on Tuesday, October 6, 2026
- Rule breached: Directive for Digital Credit Service Providers in Ghana (September 2025)
- Concerns: Data privacy, consumer protection and regulatory violations
- Earlier lists: August 3 and September 9, 2026 – 20 apps each
- Banks, SDIs and PSPs: Cautioned not to process transactions for the flagged apps
FAQs
Which loan apps are not licensed by the Bank of Ghana?
The latest BoG notice names 20 apps, including Agile Loan, AmanaPay, CashWay, KudiNow, NovaCedi, PocketLoan, SikaNow, Susu Loan and Zatuloan. The full list is above, and 40 more apps were named in August and September 2026.
How do I know if a loan app is licensed in Ghana?
Check the Bank of Ghana’s official website and notices for the status of digital credit providers before borrowing. The BoG advises the public to use only licensed lenders.
Why did the Bank of Ghana ban the loan apps?
The BoG says the apps operate without a licence in breach of its September 2025 Directive for Digital Credit Service Providers, with significant violations of data privacy and consumer protection requirements.
The Bank of Ghana’s latest notice adds 20 more names to a growing list of unlicensed loan apps, bringing the total flagged since August to at least 60. The regulator has warned the public to avoid the apps and told banks and payment providers not to process their transactions, as it tightens oversight of Ghana’s digital lending market.
