Finance
Bank of Ghana releases list of unlicensed loan entities in Ghana
In a release sighted by GhanaWeb, the BoG warned Ghanaians not to engage in business with these entities because of the risk of their information being stolen and used for criminal activities.
The central bank explained that offering loan facilities without the required approval is illegal according to the laws of Ghana.
“The Bank reiterates that the activities of these entities significantly breach customer data and privacy laws, as well as consumer protection requirements and norms, with unfavourable implications on the integrity and wellbeing of their patrons.
“Bank of Ghana will continue to take action against these entities in collaboration with relevant state agencies to promote the integrity of financial service delivery.
“The general public is therefore advised to desist from doing business with all unlicensed loan providers. Banks, Specialised Deposit-Taking Institutions and Payment Service Providers are cautioned not to facilitate the illegal transactions of unlicensed loan applications,” parts of the statement read.
The bank, therefore, urged Ghanaians to get in touch with its officials to know the licensed loan operators in Ghana so that they do not become victims of these illegal entities.
View the list of 97 unlicensed loan apps plus the full list statement of the BoG below:
Source: www.ghanaweb.com
South African woman jailed 50 years for $28m theft
$10K – $20K – Canada slaps 100% hike on financial requirements for foreign students
Africa’s largest refinery to finally begin operations as Dangote receives initial crude
HOT VIDEO: Leaked Video of a Ghanaian Seamstress goes viral
VIDEO: Pupil teacher c*ught having s*x with 11-year-old in an uncompleted Building
NDC declines EC’s invitation to review 2020 polls
-
GENERAL NEWS3 weeks agoNew details on mansion where Mrs. Kufuor is buried emerges
-
SHOWBIZ KONKONSAH4 weeks agoAmerado: A rap star proving his mettle with ‘Kwaku Ananse’ story
-
GENERAL NEWS3 weeks agoWatch as a brave Ghanaian farmer battles with a wild python he found on his farm
-
America2 months agoTupac Shakur’s sister calls new murder charge ‘pivotal moment’
-
SHOWBIZ KONKONSAH3 weeks agoWATCH: Showboy released from US prison, deported back to Ghana
-
Finance3 weeks ago#Don’tTaxMyPeriod protesters ‘ambush’ Ofori-Atta at parliament ahead of budget reading
-
South Africa News1 month agoCriminals have declared war on South Africans – police minister
-
Lifestyle3 weeks agoCouple gives birth to Quintuplet after 8 years of childlessness