Sikamaster is committed to maintaining full compliance with lending laws, and the company takes proactive steps on that. Some aspects of our direct non-deposit taking lending business may require some regulation (even as there are no rate-capping laws in Ghana). Sikamaster Loans will satisfy all regulated areas of our business as and when they are added. Sikamaster Loans is rolling out in phases, and currently at a non-deposit-taking, no upfront fee lending phase that does not require regulation.

Sikamaster currently does not accept deposits and will not accept deposits in the near or foreseeable future. Sikamaster Loans is not providing a regulated service to you, so you will not have access to the Bank of Ghana redress if you wish to complain about our service.


Self Regulation

Sikamaster loans, a non-deposit-taking, no upfront fee is self-regulated, but follow compliance and KYC rules. +Learn more


Investment Advice

Sikamaster Loans is not regulated to provide investment advice to clients.


Tax and Accounting Advice

Sikamaster Loans is not regulated to provide tax and accounting advice to clients.


Tax Compliance

Sikamaster complies with all tax obligations (funding sources and allowable expenses).


Legal Advice

Sikamaster Loans is not regulated to provide legal advice to clients.



Sikamaster Loans does not take deposits. Sikamaster Loans is not licensed to take deposits. Sikamaster Loans has no intentions of taking deposits now or in the near future.

Loan repayments are not deposits.



Sikamaster Loans is not providing a regulated service to you, so you will not have access to any Bank of Ghana Redress Service if you wish to complain about our service - that is if there is/was ever any protection for borrowers borrowing from non-deposit taking lender and when there are no usury laws in the books of The Republic of Ghana.


Future Regulation

The option of being regulated in the near future is to have access to certain vital national databases integral to our business model, operative model and strategic customer acquisition model, and NOT a step to take or mobilise deposits.


Regulatory & Compliance Team Contacts:

Please direct all enquiries to the group's centralised in-house team here.

Regulatory Compliance


Sikamaster (SML), is a 24/7*365 well-capitalised internet first, forward-thinking, safe, robust, resilient, smart & responsible direct lender for the working class (we don't lend to the unemployed). SML is not; a microfinance institution, and neither a savings & loans company or a Specialised Deposit-taking Institution (SDI) of any form, kind or type. SML does not seek and/or accept outside capital. SML does not charge any upfront fees before lending.

The Bank of Ghana (BoG) does not regulate some forms of no upfront fee non-deposit taking financial services, buy to lets, seller financing, commercial mortgages, secured loans, unsecured loans, earned wage access or workplace loan schemes, buy now pay later products, bridging loans, trusts, overseas mortgages, and conveyancing or debt management.

Our loans are strictly for existing customers of The TDG Ecosystem (including employees of existing business customers of, existing tenants of and all Private-Sector Salaried Workers recruited via TDG Jobs Ghana platform). Our Home Mortgages can only be used to buy from or through DCANS Properties.

All Business Loans have been moved to (a sister company). provides loans to all kinds of businesses, be it large or small and not necessarily startups alone. All Construction Loans have been moved to Build Now Pay Later. All Auto Loans have been moved to Glostar Motors.

All Buy Now Pay Later (BNPL) Loans (incl interest-free and interest-bearing) have been moved to DCANS Pay (a sister company).

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