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
-
‘We don’t know when’ – Affected communities await compensation for Accra-Kumasi expressway
2 minutes -
Nepal observes national day of mourning for victims of flash flood disaster
3 minutes -
Government to train 50 digital champions, Senior officials in AI by December
6 minutes -
Rugby Africa president Herbert Mensah joins ACG advisory board
7 minutes -
Sam George outlines digital sector reforms before year-end
11 minutes -
Dolly Parton’s sister pleads for end to ‘AI garbage’ posts after singer’s death
11 minutes -
US envoys ‘very encouraged’ after peace talks in Russia and Ukraine
11 minutes -
Free Primary Healthcare expands to 135 districts as gov’t targets nationwide coverage by 2027
12 minutes -
Probe begins into why cargo plane overran Miami runway
16 minutes -
Germany’s far-right AfD wins historic victory, but falls short of majority in Saxony-Anhalt
16 minutes -
Engineers must reject shortcuts, corruption to protect public interest – IET-GH
17 minutes -
Tanzanian President Samia Suluhu Hassan’s husband dies in hospital
19 minutes -
SHS placement: Demand, not lack of vacancies, is the problem, Dr Apaak says
22 minutes -
Government negotiations secure more data and cheaper broadband – Sam George
23 minutes -
Big Push road works linked to half of Ghana’s fibre cuts – Sam George
29 minutes