Unlicensed businesses that offer loans to Ghanaians through mobile applications have been cautioned by the Bank of Ghana. The central bank said this was in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
In an era of rapid technological advancement and growing digitalization, financial services have witnessed a significant transformation. One of the most notable changes is the emergence of mobile lending applications, which offer convenient and accessible loans to individuals in need.
A notice put out by the Bank of Ghana pointed out that, “The Bank reiterates that the activities of these entities significantly breach customer data and privacy laws, as well as consumer protection requirements and norms, with unfavorable implications on the integrity and wellbeing of their patrons.
Below is the list of the 97 unlicensed mobile loan apps according to the Bank of Ghana;
1. CashLoanPro
2. Aircash
3. Akwaaba Payment
4. FourCredy
5. Ghanalending
6. AcornCredit
7. Gana Loan
8. Mach Loans Ghana
9. Mbose
10. Sika Bus
11. Ultra Loan FundCedi Ghana
12. Momo cash loans
13. Prime Loans
14. Easy Access Loans
15. Cashpal Online Loan
16. Happy Loan
17. Money Loan App
18. Plus Loan
19. Mega Credit
20. Boeing Cash
21. Lemon Wallet
22. Flash Cash
23. Accra
24. GhLending
25. MoLoan
26. Rapidcedi
27. 100 Cedi
28. Cedi Help
29. Mascedi Consult
30. Cediboom
31. Loan App
32. Mika Cash Loan App
33. New Loan Ghana
34. Zip Loan Onloan/WantCAsh
35. Credit Ghana App
36. Bloomcash
37. Home Credit
38. Akwaaba Cash Agyenkwasika-
39. Personal loan
40. Cash Way
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
