19 unlicensed institutions you don’t have to take loan from- BoG warns Ghanaians. The public has been warned by the Central Bank of Ghana not to borrow money from 19 unauthorized institutions which have been listed below.
A statement to this effect was shared by BoG which reads; “Bank of Ghana has observed that a number of unlicensed entities are engaged in the provision of loans to the Ghanaian public, in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
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These illegal entities mostly employ the use of mobile applications and social media in their activities. The activities of these unauthorized entities amount to non-adherence to consumer protection requirements and abuse of customer data and privacy laws.”
See below for these unlicensed financial institutions;
- SikaPurse Quick Online loan
- 4Cedi Instant Mobile loan application
- Zidisha Online Loans
- GhanaLending Application
- ChasteLoan Application
- LoanClub-Ghana Instant Loan
- AdamfoPa Loan
- MetaLending- Instant Cash Loan
- Wohiasika Loan (Ghanaloan.net)
- Boseafie – Bosea Micro-Credit
- SikaKasa Online Lending
- LoanPro – digital and instant loan
- SikaWura Loan Application
- BegyeBosea Loan
- LendingPapa – Online Loans
- CrestCash Loan
- Credxter – Loans and Hire- Purchase
- MobiLoan Application
- Cedi Now – Cash Loans Application
