Audio By Carbonatix
The Bank of Ghana (BoG) has announced the creation of a new digital credit area under its Non–Bank Financial Service (NBF) supervision.
A statement issued on August 29, 2025 noted that the initiative is part of measures to broaden access to financial system, with the view of promoting financial inclusion.
“The Bank of Ghana hereby designates a new service – DIGITAL CREDIT SERVICES – as a Non-Bank Financial Service under the First Schedule of Act 774”, it said.
The statement, however, cautioned that the initiative does not confer automatic authorisation or license to provide digital credit services on all entities that currently provide services and operate under the First Schedule of Act 774.
“The Bank of Ghana will in due course, issue a directive to lay out the licensing requirements for the provision of Digital Credit Services”, it said.
Latest Stories
-
Fitch affirms Ghana’s LT Instruments at ‘B-‘; assigns recovery rating of ‘RR4’
1 hour -
T-bills: Government records 25% undersubscription; interest rates rise marginally
1 hour -
Vinicius scores twice as Real beat Atletico in thriller
3 hours -
Guardiola’s dance of joy as Man City pile pressure on desolate Arsenal
4 hours -
Kenyans fighting illegally for Russia in Ukraine to be granted amnesty
4 hours -
Hawaii storms have caused $1bn in damage, governor says
4 hours -
Mahama to lead Ghana’s delegation to UN special session on reparatory justice
4 hours -
National blackout hits Cuba for second time in a week
4 hours -
Trump at a crossroads as US weighs tough options in Iran
4 hours -
UDS and UG seeded ahead of 2026 Honda Football Championship raw
5 hours -
GPL 2025/26: Swedru All Blacks edge out Hohoe United in narrow 1–0 win
6 hours -
Carabao Cup: Semenyo wins first trophy with City
7 hours -
Carabao Cup: O’reilly double gives Man City Wembley win over Arsenal
7 hours -
Man City end Arsenal’s quadruple hopes as O’Reilly’s double clinches Carabao Cup triumph
7 hours -
Mahama to attend Africa Energy Technology Conference 2026 in Accra
7 hours