Bank of Ghana Opens Applications for Digital Credit Providers from November 3

Accra, September 23, 2025 – The Bank of Ghana (BoG) has announced it will begin accepting applications from Digital Credit Services Providers (DCSPs) from November 3, 2025.

Under the new directive, applicants must hold a minimum stated capital of GHS 2 million, maintain a gearing ratio not exceeding 8:1, and meet a 30% minimum Ghanaian ownership threshold. No shareholder may own more than 90% of the company.

Applicants must also meet governance and compliance standards including fit-and-proper directors, audited accounts, ICT systems, AML controls, and business continuity plans.

Fees include: GHS 10,000 processing (non-refundable), GHS 20,000 licensing, and GHS 10,000 renewal every two years. Each customer transaction is capped at GHS 10,000.

Applications will be submitted via the BoG’s ORASS portal, with further guidance expected ahead of the November 3 opening.

The Bottom Line

• For fintechs: Raises the bar for market entry, favouring well-capitalised players.
• For consumers: Should improve transparency and pricing but may reduce lender variety.
• For investors: Signals BoG’s commitment to a stable and predictable credit market.

Sources

• BoG Directive – Digital Credit Services Providers
• Graphic Online
• Joy Business – MyJoyOnline