Dr. Johnson Asiama – BoG Governor
The Bank of Ghana has announced Digital Credit Services as a Non-Bank Financial Service under the first schedule of the Non-Bank Financial Institutions Act 228, (774).
In statement issued and signed on Friday August 29, 2025 by Aimee Quarshie on behalf of the Secretary for the BoG said the initiative forms part of ongoing efforts to broaden access to the financial system with the view to promote financial inclusion.
It stated, “The Bank emphasises that the notice does not confer automatic authorisation or license to provide digital credit services on all entities which currently provide services and operate under the first schedule of Act 774.”
It however indicated that Bank of Ghana will in “due course issue out the licensing requirements for the provision of Digital Credit Services”.
By Ebenezer K. Amponsah