Check out the 97 unauthorized companies offering loans via mobile apps on Bank of Ghana’s list.

Unlicensed businesses that offer loans to Ghanaians through mobile applications have been warned by the Bank of Ghana.

According to the central bank, this is against Act 930 of 2016, the Banks and Specialized Deposit-Taking Institutions Act.

The BoG stated in a notification that it will keep taking legal action against these organizations in coordination with the appropriate state bodies to support the integrity of financial service delivery.

“Therefore, it is urged that the general public refrain from doing business with any unauthorized loan providers. The facilitation of illicit transactions involving unauthorized loan applications is prohibited. This warning applies to banks, specialized deposit-taking institutions, and payment service providers.

The warning stated, “The Bank reiterates that the activities of these entities materially violate customer data and privacy laws, as well as consumer protection requirements and norms, with adverse implications on the integrity and wellbeing of their patrons.”

The Bank of Ghana (BoG) also urged the general public to use the numerous digital credit products it has authorized and that are being offered by banks and other specialized deposit-taking institutions in collaboration with mobile money providers.

Before conducting any business with an institution, it was urged that people “generally consult the Bank’s website using the link below for the approved list of licensed institutions.”

The list of loan applications available without a license or authorization from the Bank of Ghana is provided below.

1. Flash Cash
2. Accra
3. GhLending
4. MoLoan
5. Rapidcedi
6. 100 Cedi
7. Cedi Help
8. Mascedi Consult
9. Cediboom
10. CashLoanPro
11. Aircash
12. Akwaaba Payment
13. FourCredy
14. Ghanalending
15. AcornCredit
16. Gana Loan
17. Mach Loans Ghana
18. Mbose
19. Sika Bus
20. Ultra Loan FundCedi Ghana
21. Loan App
22. Mika Cash Loan App
23. New Loan Ghana
24. Zip Loan Onloan/WantCAsh
25. Credit Ghana App
26. Bloomcash
27. Home Credit
28. Akwaaba Cash Agyenkwasika-
29. Personal loan
30. Cash Way 
31. Momo cash loans
32. Prime Loans
33. Easy Access Loans 
34. Cashpal Online Loan 
35. Happy Loan
36. Money Loan App 
37. Plus Loan
38. Mega Credit
39. Boeing Cash
40. Lemon Wallet
41. Koko Cash
42. Cola Cash/Cash Cola 
43. Rapid money
44. Cash Star
45. Loan Galaxy
46. Bitcash
47. Ukash
48. Funcash
49. HelloCedi Sunny Cash/Sunny
50. Loan
51. Goldminer 
52. Enjoy Credit 
53. Cedi Wallet 
54. Pro Kash
55. Cedi Fie 
56. HelaCash 
57. Daily Cash 
58. FiCash 
59. Sikadua 
60. PK Loans
61. Quick Cash
62. True Cedi
63. Robin Personal Loan 
64. Kudi Credit
65. 1 Rapid cedi
66. Cedistory
67. Steadycash
68. Soft kash
69. Easy Kash
70. DatesCash
71. Boseapa
72. YooCash
73. Fufucredit
74. TopCredit
75. DeriveCash
76. Eagle Cash
77. Cash wave
78. cud loan
79. smatloan
80. LoanPapa
81. CoolCash 
82. MoLoan 
83. Rapid Cedi 
84. cedifie
85. MOCO
86. Sikakasa 
87. Chasteloan 
88. Joy Cash
89. Cocoaloan 
90. Popcash 
91. Loan hub 
92. Creditmall 
93. cedipros 
94. Momcash 
95. GETwallet
96. Keeploan 
97. CashCocoa

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