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

GhanaLending Application

ChasteLoan Application

LoanClub Ghana Instant Loan 7. AdamfoPa Loan

MetaLending- Instant Cash Loan

Wohiasika Loan (

Boscafie Bosea Micro-Credit

Sikakasa Online Lending

LoanPro-digital and instant loan

SikaWura Loan Application

BegyeBosea Loan

LendingPapa – Online Loans

CrestCash Loan

Credxter – Loans and Hire-Purchase

MobiLoan Application

Cedi Now- Cash Loans Application

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