The Bank of Ghana (BoG) announced that it would shortly take action against these illegal loan companies whose actions constitute a threat to the banking industry.
The bank issued a statement warning the public not to do business with any unregistered loan providers, saying it was taking action against these organizations.
The Banks and Specialized Deposit-Taking Institutions Act is being broken, according to the BoG, by the actions of these unlicensed loan providers.
The following are the names of the organizations listed:
SikaPurse Quick Online loan
4Cedi Instant Mobile loan application
Zidisha Online Loans
LoanClub Ghana Instant Loan 7. AdamfoPa Loan
MetaLending- Instant Cash Loan
Wohiasika Loan (Ghanaloan.net)
Boscafie Bosea Micro-Credit
Sikakasa Online Lending
LoanPro-digital and instant loan
SikaWura Loan Application
LendingPapa – Online Loans
Credxter – Loans and Hire-Purchase
Cedi Now- Cash Loans Application