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
-
KGL partners GMTF to build ultra-modern diagnostic centre at Ridge Hospital
21 minutes -
All six members of MPC voted to keep policy rate at 14%
38 minutes -
Universities must stop selling degrees and start selling purpose
40 minutes -
Otumfuo briefed on Ghana Medical Trust Fund’s plan to expand specialised healthcare
46 minutes -
GRIDCo begins restoration after early morning power system disturbance hits national grid
48 minutes -
24-hour economy policy was for propaganda, NDC has abandoned it – Oforikrom MP
55 minutes -
Gender Minister consoles families, survivors of Bukom tragedy
1 hour -
Private partners beware; you have no parliamentary cover yet – Oppong Nkrumah
1 hour -
Parliament cannot sign blank cheques – Oppong Nkrumah on multi-year tax deal
2 hours -
No cost, no contractor, no timeline – Minority caucus rejects fiscal electronic devices approval
2 hours -
At least 14 killed in attack in Nigeria’s Benue state, local officials say
2 hours -
Cocoa farmers could lose guaranteed prices under new law – Oppong Nkrumah
2 hours -
New cocoa pricing formula will leave farmers worse off – Oppong Nkrumah warns
3 hours -
‘Don’t rush this law’ – Oppong Nkrumah demands farmers be heard before Cocoa Bill is passed
3 hours -
Murder suspect dies in hospital after leading police to alleged burial site
3 hours