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| The Central Bank of Ghana. |
The Central Bank of Ghana
has revealed that, there are a number of unlicensed financial entities who are
providing loans to the Ghanaian public. This was revealed in a statement
released by the bank seen by GHANA News ONLINE.
According to the bank of
Ghana (BOG), the activities of these unlicensed institutions was in
contravention of the banks and specialized deposit-taking institutions Act,
2016 (Act 930). And these institutions adopt the use of mobile applications and
social media in their activities.
“Bank of
Ghana has observed that a number of unlicensed entities are engaged in the
provision of loans to the Ghanaian public, in contravention of the Banks and
Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
“These
illegal entities mostly employ the use of mobile applications and social media
in their activities.
“The
activities of these unauthorised entities amount to non-adherence of the
consumer protection requirements and an abuse of customer data and privacy
laws.”
The central bank further listed
all the unlicensed institutions in the statement and warned the general public
to refrain from doing business with them.
“Among the
entities providing loan services without a licence from Bank of Ghana include
the following: SikaPurse Quick Online loan, 4Cedi Instant Mobile loan application, Zidisha Online Loans, GhanaLending Application, ChasteLoan Application, LoanClub-Ghana Instant Loan, AdamfoPa Loan, MetaLending- Instant Cash Loan, Wohiasika Loan (Ghanaloan.net), Boseafie - Bosea Micro-Credit, SikaKasa Online Lending, LoanPro - digital and instant loan, SikaWura Loan Application, BegyeBosea Loan, LendingPapa - Online Loans, CrestCash Loan, Crecixter - Loans and Hire- Purchase, MobiLoan Application, Cedi Now - Cash Loans Application.
“Bank of
Ghana is taking steps to take action against these entities and hereby advises
the general public to desist from doing business with all unlicensed loan
providers. Banks and Specialised Deposit-Taking Institutions as well as payment.”
A copy of the statement below:
Source:
ghananews.hrforum.uk
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