The Bank of Ghana has designated a new service, Digital Credit Services, as a Non-Bank Financial Service under the First Schedule of Act 774.
According to the Central Bank, the initiative forms part of ongoing efforts to broaden access to the financial system and promote financial inclusion.
In a statement issued on August 29, 2025, the Bank noted, “This Notice does not confer automatic authorisation or a license to provide digital credit services on all entities that currently provide services and operate under the First Schedule of Act 774.”
The statement further indicated that the Bank of Ghana will, in due course, issue a directive outlining the licensing requirements for the provision of Digital Credit Services.
This move is expected to expand access to loans through digital channels.
SSD/MA
