The Bank of Ghana (BoG) is doing whatever it takes to deal with unlicensed financial institutions giving illegal loan services to clueless Ghanaians.
In a public statement from the Central Bank, it has published the names of every one of the 19 loan firms participating in the unlawful act generally using the online platforms.
While taking note of that, it is doing whatever it may take to deal with such entities. The Bank of Ghana has cautioned the general public not to work with these online loan firms in any way.
The BoG Statement:
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.
The Central Bank makes sense of that the activities of these unapproved institutions add up to non-adherence to the buyer insurance necessities and a maltreatment of customer data and security regulations.
The entities published by BoG include, SikaPurse Quick Online loan, 4Cedi Instant Mobile loan application, Zidisha Online Loans, GhanaLending Application, and ChasteLoan Application
Others are: LoanClub-Ghana Instant Loan, AdamfoPa Loan, MetaLending- Instant Cash Loan, Wohiasika Loan (Ghanaloan.net), as well as Boseafie – Bosea Micro-Credit.