Instant Mobile News Today

The Bank of Ghana is cautioning the public against unlicensed entities engaged in the provision of loans to consumers, in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016. According to the Central Bank, these illegal entities mostly employ the use of mobile applications and social media in their activities. The entities which are […]

The Bank of Ghana (BoG) has warned the public not to engage the services of some 19 unlicensed entities for loans. The Central Bank said the operations of these institutions are in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016. The BoG in a press statement issued on Monday, August 22, revealed that they […]

Do Not Take Loans From These 19 Institutions - BoG Cautions

The Bank of Ghana (BoG) has warned the public to desist from receiving loans from unlicensed loan providers and thus issued a list containing the names of such entities. The BoG says the activities of these unauthorised loan providers are in contravention with the Banks and Specialised Deposit-Taking Institutions Act.…

Do Not Take Loans From These 19 Institutions - BoG Cautions

BoG Warns Public To Desist From Doing Business With 19 Unlicensed Loan Providers

Sokoloan and Truecedi have been identified as two unlawful financial organizations operating in Ghana by Bright Simons, vice president of IMANI Africa.

The Bank of Ghana (BoG) has provided a list of 19 entities that are providing loan services without the approval from the central bank.

BoG Warns Public To Desist From Doing Business With 19 Unlicensed Loan Providers

The Bank of Ghana has flagged 19 illegal money lending institutuons and advised the public to desist from doing business with them. This followed an observation that a number of unlicensed entities are engaged in the provision of loans to the Ghanaian public, in contravention of the Banks and Specialised…