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Ghana: Cyber Security Authority Records Resurgence in Online Bullying By Loan Apps, Identifies 37 Providers

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Last year, the Bank of Ghana (BoG) issued a similar warning, cautioning users to not patronise the services of unlicensed loan applications. But no arrests have been made since that time.

Last year, the Bank of Ghana issued a similar warning, cautioning users to not patronise the services of unlicensed loan applications. But no arrests have been made since that time.

In a statement dated June 27, 2024, the CSA also identified 37 such digital lending providers, cautioning users to be on alert. According to the CSA, the loan providers automatically credit the account of users who just installed the app, even though users did not request a loan.

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