The BoG advises against borrowing money from these 19

Ghanaians have been warned by the Central Bank not to borrow money from 19 unauthorised institutions. On August 22, 2022, it issued a statement that read, "The Bank of Ghana has noted that certain unlicensed organisations are giving loans to Ghanaians in violation of the 2016 Banks and Specialized Deposit-Taking Institutions Act (Act 930). These criminal organisations mostly use social media and mobile technologies in their operations." The BoG claims that the actions of these illegal businesses amount to a violation of consumer protection rules and a violation of laws governing client data and privacy. The following organisations are among those offering lending services without a licence from the Bank of Ghana: 1. SikaPurse Quick Online loan 2. 4Cedi Instant Mobile loan application 3. Zidisha Online Loans 4. GhanaLending Application 5. ChasteLoan Application 6. LoanClub-Ghana Instant Loan 7. AdamfoPa Loan 8. MetaLending- Instant Cash Loan 9. Wohiasika Loan (Ghanaloan.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 Other stories Ofori Amponsah is exposed by Fredyma for his ties to Daddy Lumba. There are 3 good reasons to use lime juice on your face. Domestic Debt Exchange: An economist explains “implicit haircuts” to Gabby and Ofori-Atta Ghanaians were detained for selling match tickets in Qatar ’22, according to the Minister How to answer Tell Me About Yourself when conducting an interview