Ghana - Apply for Renewal of Money Lending Licence

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Procedure

Apply In-Person:

1. To Apply for Renewal of Money Lending Licence in Ghana, the applicant has to approach the Bank of Ghana. Contact link
2. Application form for renewal of banking business license is available in Bank of Ghana.
3. Applicant should obtain the application form from BOG
4. The applicant should enter all the details in the application form.
5. Information related to the BOG office and License authority can be obtained from the “Office locations and contacts” section of this page.
6. The applicant has to make sure he or she has all the required documents that are required for this process to be successful and they can be found under the "Required Documents" section of this page.
7. Payment of appropriate fees should be made and that can be found under the "Fees" section of this page.
8. The completed application should be submit to the respective office.
9. After submission, the application and other documents will be forwarded for examination and verification processes.
10. Once the verification and validation processes are over, the application will be approved and the officials will proceed to take required steps for renewal of the license.
11. When the document is ready to be collected, the applicant will be notified by the office and the applicant can collect it by any applicable means.
12. The processing time for this procedure takes one month.

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Required Documents

Submission of:

• Previously issued license
• Address Proof (if applicant)
• ID Proof (if applicant)
• Proper Book Keeping Register
• Proof of Provisional Tax Payment
• Tax Clearance Certificate
• Certificate of incorporation
• Proof of processing fees payment

Office Locations & Contacts

Bank of Ghana
Head Office, Accra
Contact Details:
One Thorpe Road
P.O. Box GP 2674, Accra
GQVV+6J Accra, Ghana
Email: [email protected]
Phone Numbers: +233-30-2666174 – 6 / +233-30-2666361 – 5 / +233-30-2666902 – 8 / +233-30-2666921 – 5
Fax:+233-30-2662996

Cedi House (Head Office Annex)
Phone Number:+233-30-2665252
Hohoe Office
P.O. Box 116, Hohoe
Contact number: +233-35-2222045/ +233-35-2222122

Kumasi Office
P.O. Box 1989, Kumasi
Phone Numbers:+233-32-2022551/ +233-32-2023944 / +233-32-2024807

Sunyani Office
P.O. Box 598, Sunyani
Phone Numbers:+233-36-2027161 / +233-36-2027260

Tamale Office
P.O. Box 340, Tamale
Phone Numbers:+233-37-2022130 / +233-37-2022664 / +233-37-2022982

Takoradi Office
P.O. Box 532, Takoradi
Contact number: +233-31-2024035 / +233-31-2024372
Contact link
Location link

Eligibility

• Any Ghanaian citizens, who own money lending business licenses are eligible, can apply.

Fees

• Non-refundable renewal licensing fee: GH¢ 5,00.00

Validity

• Money lending license validity is 18 months.

Documents to Use

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Sample Documents

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Processing Time

• The processing time for this procedure takes one month.

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

• Applicant should provide genuine information while applying for renewal.
• Applicant must follow all instructions provided by concerned authorities properly.

Required Information

• The name of the company
• Full Name of Applicant
• Address of Applicant
• Identification document number
• Registration number
• Company Incorporation details
• Address and contact details
• Payment receipt number (if any)
• Telephone number
• Email address

Need for the Document

• It is mandatory for an organization that holds a money lending license obtained from the bank of Ghana, to renew the license every time its validity period expires.
• This application allows a person to continue operate a money lending business in Ghana.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

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