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Bank of Ghana Warns Against 20 Unlicensed Digital Loan Applications
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On 3 November, the Bank of Ghana warned consumers against using 20 digital credit applications operating without the required licence or authorisation. The announcement reinforces regulatory expectations for digital lenders, although no new penalty amount or...
On 3 November, the Bank of Ghana warned consumers against using 20 digital credit applications operating without the required licence or authorisation. The announcement reinforces regulatory expectations for digital lenders, although no new penalty amount or compliance fee was announced.
The development creates opportunities for fintech compliance consultants, legal advisers, cybersecurity specialists and licensed financial service providers. HPC can help businesses identify regulatory requirements and connect with qualified compliance professionals.