Don’t take loans from these 19 unlicensed financial institutions
Money (Ghana current notes)
The Bank of Ghana (BoG) has cautioned the general public from taking loans from nineteen (19) unlicensed financial institutions.
In a statement, the Bank of Ghana (BoG) said, they have observed that some unlicensed financial institutions are giving loans to Ghanaians without following the right procedures which will warrant their lawful operations in the country.
The unlicensed entities are operating on the blind side of the Central Bank’s Specialised Deposit-Taking Institution Act, 2016 (Act 930).
Bank of Ghana validation has disclosed that the said entities employ the work of mobile apps in their operations including social media in carrying out their businesses.
Bank of Ghana assured the public that they are taking the right steps to deal with such institutions, hence advised the general populace to stay away from the listed unlicensed/illegal loan providers.
Below are the 19 unlicensed financial institutions you must nut take loans from.
1. SikaPurse Quick Online loan.
2. 4Cedi Instant Mobile loan application.
3. Zidisha Online Loans.
4. Ghana Lending Application.
5. ChasteLoan Application.
6. LoanClub Ghana Instant Loan.
7. Adamfopa Loan
8. MetaLending Instant Cash Loan.
9. Wohiasika Loan (Ghanalen.net).
10. Boseafie-Bosea Micro-Credit.
11. SikaKasa Online Lending.
12. LoanPro-digital and instant loan.
13. SikaWura Loan Application.
14. BegyeBosea Loan
15. LendingPapa-Online Loans.
16. CrestCash Loan.
17. Credxter-Loans and Hire-Purchase.
18. MobiLoan Application.
19. Cedi Now- Cash Loans Application.
The public is advised to report such activities to the Bank of Ghana at:
Financial Stability Department
Bank of Ghana No. 1 Liberia Road
P. O. Box GP2674
Accra, Ghana
You can also call BoG using the following numbers:
030 266 5005
059 691 2354
050 150 2270
For email, use: complaints.office.bog.gov.gh
SOURCE: Coverghana.com.gh
