The Bank of Ghana (BoG) has announced that it will begin accepting applications for licences to operate as digital credit service providers from November 3, 2025.

In line with this, the central bank has issued a new directive detailing licensing requirements and eligibility criteria for institutions seeking to offer digital credit services. BoG urged prospective applicants to study the directive thoroughly and ensure compliance before submitting applications.

Digital credit services—typically delivered through mobile apps and fintech platforms—provide small, short-term loans outside traditional banking channels. BoG formally designated the service as a non-banking activity in August 2025, highlighting the need for regulation to protect consumers and promote financial inclusion.

The regulator explained that licensing forms part of broader efforts to expand access to credit while strengthening oversight of the fast-growing digital lending industry. It further cautioned that the notice does not confer automatic authorisation on existing operators, stressing that all providers must apply under the new framework.

Under the requirements, applicants must:


  • Maintain a minimum capital of GH₵2,000,000


  • Observe a transaction limit of GH₵10,000


  • Pay a licence fee of GH₵20,000 (with proof from corporate accounts)


  • Renew their licences every two years

Applications are to be submitted exclusively through the Bank of Ghana’s Online Regulatory Analytics Surveillance System (ORASS).

The central bank believes the licensing regime will enhance consumer confidence, strengthen oversight, and drive innovation in Ghana’s financial services sector.