Ghana - Apply for Money Lending Licence

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Procedure

Apply In-Person:

1. To Apply for Money Lending Licence in Ghana, the applicant has to make an application to the Bank of Ghana.
2. The contact link of the Bank of Ghana can be found below. Contact link
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 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

• Formal application letter
• Work Permit
• Original certificate of incorporation of the company for the new business.
• Tax clearance certificate
• Business Registration certificate
• Original rent receipt and tenancy agreement from the land lord for the new business.
• Original certificate of incorporation of the company for the new business.
• Identification: Passport/ Driving permit/Voter’s card (2 Copies)
• For new business - original certificate of registration (Business name)
• Original trading License for the previous year for already existing business.
• A photocopy of any relevant document

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

Applicant must:

• Age: 18 years and above (If minors are applying then apply through a guardian).
• Be a Citizen of Ghana.

Fees

• Application fee: 50,000 GHS
• Annual License Fee: 500,000 GHS

Validity

• A licence issued to the money lender is valid until 31st December in every year and may be renewed annually.

Documents to Use

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Sample Documents

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Processing Time

• The processing time for this procedure is 30 days.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants are advised to complete the application form neatly and completely with absolute legibility and appropriateness to avoid rejections.
• Also, all the required documents must be furnished completely.

Required Information

• Applicant particulars
• Contact information
• Qualification details
• Purpose of the license
• Business particulars
• Name of the Money Lending Company/ Institution.
• Date of incorporation.
• Company registration number.
• Registered physical and postal address of the applicant
• Area where money lending business will be
• Particulars of directors and physical address
• Particulars of Secretary
• Principal office of the money lending business.
• Date of the application
• Signature
• Declaration

Need for the Document

• To perform business of Money Lending in Ghana, the organization must obtain a relevant permit from the bank of Ghana.
• This application allows a person to 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

Link

Others

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