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| The Central Bank of Ghana. |
The Bank of Ghana has urged those who have defaulted on their
Mobile Money loans to take quick efforts to ensure payment of their debts or
suffer undesirable ramifications.
The central bank explained in a statement seen by GhanaNews.hrforum.uk
that, it has taken notice of attempts by some individuals who have failed
to register their SIM cards in an effort to avoid repayment of their Mobile
Money loans.
“The
attention of Bank of Ghana has been drawn to some individuals who have acquired
loans through mobile money platforms but have deliberately refused to register
their SIM cards under the ongoing national SIM Card registration exercise, with
the intention of avoiding repayment of the acquired loans.” the statement said
The Bank of Ghana warned that defaulting on Mobile Money loans
will have far-reaching repercussions on borrowers' ability to get future loans.
“Bank of
Ghana wishes to inform the general public that data on all mobile money loan
customers are domiciled in the databases of credit bureaus. As a result.
failure to repay such loans will attract negative repercussions on borrowers'
credit reports/history and could subsequently adversely affect any chance of
obtaining loan facilities from other financial institutions and credit
providers in future." the banking sector regulator said.
The Bank of Ghana has advised borrowers who are behind on
their payments to take action and make arrangements to repay their debts.
“Borrowers
who have discarded their SIM Cards are advised to contact their
telecommunication service providers or respective lenders, to discuss repayment
arrangements to avoid adverse information on their credit reports. that could
deny them access to future credit facilities.” the Central Bank added.
A copy of the statement below:
Press Release - Mobile Money Loan Defaulters pic.twitter.com/dbY8VqKEPD
— Bank of Ghana (@thebankofghana) September 28, 2022
Source:
ghananews.hrforum.uk
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