Don’t do business with these 19 unlicensed firms – BoG cautions public

The Bank of Ghana has cautioned the public against receiving loans from some unlicensed loan providers and thus issued a statement containing the names of such entities.

In a statement, the Bank said it will soon go after unlicensed loan providers whose activities pose a threat to the banking sector.

The institution said  “The Bank of Ghana is taking steps to take action against these entities and hereby advises the general public to desist from doing business with all unlicensed loan providers.”

The BoG says the activities of the unauthorized loan providers are in contravention of the Banks and Specialized Deposit-Taking Institutions Act.

Here are the names of the entities listed below

1. SikaPurse Quick Online loan

2. 4Cedi Instant Mobile loan application

3. Zidisha Online Loans

4. GhanaLending Application

5. ChasteLoan Application

6. LoanClub Ghana Instant Loan 7. AdamfoPa Loan

8. MetaLending- Instant Cash Loan

9. Wohiasika Loan (

10. Boscafie Bosea Micro-Credit

11. Sikakasa Online Lending

12. LoanPro-digital and instant loan

13. SikaWura Loan Application

14. BegyeBosea Loan

15. LendingPapa – Online Loans

16. CrestCash Loan

17. Credxter – Loans and Hire-Purchase

18. MobiLoan Application

19. Cedi Now- Cash Loans Application