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BoG cautions the public against the services of 19 unlicensed loan companies

August 22, 2022

The Bank of Ghana issued a statement warning Ghanaians not to use the services of 19 unlicensed loan providers whose activities violate the Banks and Specialised Deposit-Taking Institutions Act, 2016.

The central bank said the activities of the 19 institutions amount to the non-adherence of the consumer protection requirements and abuse of customer data and privacy.

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The central bank revealed it was taking action against the 19 institutions and has cautioned the public not to do business with them.

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By: Rainbowradioonline.com/Ghana

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