Telecel Cash disburses over GH‵1bn through Ready Loan service

Telecel Cash has announced that its mobile credit product, the Ready Loan service, has surpassed GH‵1 billion in total disbursements. This milestone reflects the rapid growth and adoption of digital financial services in Ghana, as the platform provides eligible customers with instant access to short-term credit through their mobile money wallets. The service is a collaborative effort between Telecel Cash, Consolidated Bank Ghana (CBG), and Simbrella Ghana Limited, specifically designed to address the immediate financial needs of populations that often lack access to traditional banking facilities.

The Ready Loan service offers loans of up to GH‵2,500, utilizing a completely digital borrowing process that removes the hurdles typically associated with formal financing. By providing a streamlined path to credit, the service has become a vital tool for small business owners and individuals managing urgent cash flow gaps or unexpected expenses. Management at Telecel Cash noted that the success of the platform highlights a significant shift in how Ghanaians access credit, moving away from collateral-heavy requirements toward data-driven digital lending.

In addition to providing capital, Telecel Cash and its partners have emphasized the importance of financial literacy and responsible borrowing. Users are encouraged to maintain a healthy repayment record to ensure continued access to higher credit limits and to foster a sustainable digital credit ecosystem. As the service continues to expand, Telecel Cash aims to further deepen financial inclusion across the country, leveraging technology to bridge the gap between traditional financial institutions and the everyday needs of the Ghanaian public.