Home News Do Not Take Loans From These 19 Unlicensed Firms – BoG Warns...

Do Not Take Loans From These 19 Unlicensed Firms – BoG Warns | Banking/Finance

Call us

The Bank of Ghana (BoG) has warned Ghanaians against the patronization of some online loan applications. According to the BoG, the apps, totaling ninety-seven (97) in number, are without authorization.

In a statement copied to the media, the central bank said Ghanains should be wary in their dealings with the companies listed.

“The Bank of Ghana reiterated that the activities of these entities significantly breach customer data and privacy laws as well as consumer protection requirements and norms with unfavorable implications on the integrity and wellbeing of their patrons”, according to a statement from the Central Bank.

“The general public has been advised to consult the Bank’s website for the approved list of licenses institutions, before transacting any business with an institution.”



Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Featured Video

Source link