The Bank of Ghana (BoG) has recently warned Ghanians against the use of unregistered fake loan apps that are all over the internet claiming to give quick loans via mobile phones. 






According to the Bank of Ghana (BoG), there are 97 illegal loan apps that are operating without authorization and are in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (930)




Here is the list of the 97 illegal loan apps:

  • Abacus
  • Aella Credit
  • Afrikaloan
  • Asetena Pa
  • Aspire
  • Bamboo
  • Carbon
  • Cash Drive
  • Cash Mammy
  • Cash Now
  • Cashalo
  • Cashbag
  • Cashbee
  • Cashbolt
  • Cashcat
  • Cashwagon
  • Credify
  • Credit Fair
  • Credit Hub
  • Credit Master
  • Credit Wise Capital
  • Daviplata
  • Easy Loan Ghana
  • Easypayday Ghana Ltd.
  • Fairmoney
  • Fast Money Ghana Ltd.
  • FINT Loan App
  • Fintech Loan App Ghana Ltd.
  • First Finance Ghana Ltd.
  • FlashCash Loan App Ghana Ltd.
  • Fundrr Online Loans Ghana Ltd.
  • GCB G-Money Loan App Ghana Ltd.
  • Getbucks Instant Online Credit Ghana Ltd.
  • GoGhana Loan App Ghana Ltd.
  • HelloCash Loan App Ghana Ltd.
  • Inclusive Loan App Ghana Ltd.
  • Instant Loan App Ghana Ltd.
  • Izwe Loans Limited
  • Jumia Pay Loan App Ghana Ltd.
  • KreditBee Loan App Ghana Ltd.
  • Kudi Money Loan App Ghana Ltd.
  • Kwarta Loans App Ghana Ltd.
  • Kwikcash Mobile Money Lenders Limited
  • L-Pesa Microfinance Limited
  • Lend Me Money Limited
  • LenddoEFL Limited
  • Lending Stream Limited
  • LendUp Loans Limited
  • Letshego Ghana Savings and Loans Plc. 
  • Loan Bee Loan App Ghana Ltd. 
  • Loan Champs Loan App Ghana Ltd. 
  • Loan Pot Loan App Ghana Ltd. 
  • LoanIt Loan App Ghana Ltd. 
  • Loankwik Loan App Ghana Ltd. 
  • Loans Unlimited Loan App Ghana Ltd. 
  • Lydia Capital Limited 
  • Mashonisa Loans Limited 
  • Migo Instant Loans Limited 
  • MiLoan Instant Loans Limited 
  • Money Box Instant Loans Limited 
  • Money Home Instant Loans Limited 
  • Money Pal Instant Loans Limited 
  • Money View Loans Limited 
  • Moneyboxx Finance Limited 
  • MoneyLion Plus Personal Loans Limited 
  • MoneyMe Express Personal Loans Limited 
  • MoneySal Instant Loans Limited 
  • Mr. Cash Instant Loans Limited 
  • MyCash Instant Loans Limited 
  • Nectar Financial Services Limited 
  • Okash Mobile Money Lenders Limited 
  • Okolea International Limited 
  • Opesa Mobile Money Lenders Limited 
  • Palmcredit Instant Loans Limited 
  • Paylater Mobile Money Lenders Limited 
  • Pesa Pata Mobile Money Lenders Limited 
  • Pesa Zone Mobile Money Lenders Limited 
  • Pesapal Mobile Money Lenders Limited 
  • Quick Check Mobile Money Lenders Limited 
  • Quick Credit & Investment Micro-Credit Limited (Q-CIMCL) / 
  • Q-Cash Mobile Money Lenders Limited / 
  • Q-Cash Financial Services / 
  • Q-Cash Company / Q-Cash Ventures / 
  • Q-Cash Business Solutions 
  • QuickFix Instant Loans Limited

  • Rapid Cash Instant Loans Limited

  • Saida Mobile Money Lenders Limited

  • Salary Advance Personal Loan 
  • Shika Mobile Money Lenders

  • Smart Credit Limited

  • SnapCredit Limited

  • Sokoloan Mobile Money Lenders Limited

BoG warned Ghanians to be more Careful when getting loans online as many Fraudisters pose as genuine lenders in the Internet. 


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