BoG Creates New Digital Credit Services Wing to Broaden Financial Ecosystem

The Bank of Ghana (BoG) has announced the creation of a new digital credit area under its Non–Bank Financial Service (NBF) supervision.

A statement issued by the Bank of Ghana on August 29, 2025 noted that the initiative is part of measures to broaden access to financial system, with the view of promoting financial inclusion.

“The Bank of Ghana hereby designates a new service – DIGITAL CREDIT SERVICES – as a Non-Bank Financial Service under the First Schedule of Act 774”, it said.

The statement however cautioned that the initiative does not confer automatic authorization or license to provide digital credit services on all entities which currently provide services and operate under the First Schedule of Act 774.

“The Bank of Ghana will in due course, issue a Directive to lay out the licensing requirements for the provision of Digital Credit Services”, it said.