News
Bank of Ghana gives deadline for mobile loan apps to get license
The Bank of Ghana (BoG) has announced that all mobile loan applications and digital credit service providers currently operating in the country without a license must regularize their operations by June 30, 2026.
In a public notice issued on October 31, 2025, the central bank said it will begin accepting applications from companies seeking to operate as Digital Credit Services Providers starting November 3, 2025.
The Bank explained that all entities offering digital loans or credit services must submit the required documents and meet the licensing requirements before the deadline.
It warned that any company that fails to comply with the directive will face regulatory action.
The Bank of Ghana urged operators and the public to contact its FinTech and Innovation Office in Accra for details on the licensing process or visit its official website, www.bog.gov.gh
By: Jacob Aggrey
The 24 Hour Economy Authority has signed a Memorandum of Understanding with Hunan Architectural Design Institute Group to support the planning of the Volta Economic Corridor.
The agreement aims to guide how land within the corridor will be used, design key infrastructure, and develop systems that will support large scale production.
The partnership will focus on detailed planning to make the area ready for investment and smooth business operations.
The project will include the development of agroecological parks, industrial zones, and transport networks to connect production centres to markets.
According to the Authority, proper planning is critical to building strong economic systems and expanding production across the corridor.
It noted that the collaboration with the Chinese design firm will help lay a solid foundation for industrial growth and long term development within the Volta Economic Corridor.
By: Jacob Aggrey
President of the Ghana Bar Association, Efua Ghartey, has called on judges and lawyers to carry out their duties with humility, fairness, and a strong sense of responsibility.
She made the appeal during the Supreme Court at 150 celebration held at the University of Ghana, under the theme “Honouring the past, celebrating the present and defining the future.”
Addressing participants, she noted that those in the legal profession occupy positions of great power and influence, and must therefore remain humble in the discharge of their duties.
She urged both the bench and the bar to deliver justice without fear or ill will, stressing the need for fairness in handling cases.
Reflecting on the significance of the celebration, she explained that the year 1876 marks not only the establishment of the Supreme Court but also the beginning of formally trained lawyers in the Gold Coast.
The GBA President questioned what Ghana would be without the rule of law, which is upheld by judges and lawyers, adding that the country could descend into a system where only the strongest survive if justice is not properly administered.
She further encouraged legal practitioners to reflect on their responsibilities and remain committed to upholding the rule of law for the benefit of all citizens.
By: Jacob Aggrey
