The Bank of Ghana (BoG) has issued out an alert to all Ghanaians intending to transact business with unrecognised financial institutions in the country.
In a letter signed by the Bank of Ghana’s’ Secretary, Frances Van-Hein Sackey those institutions have not been granted license to carry out deposit taking activities in Ghana.
Below are the financial institutions:
Global Coin Community Help International Limited (G.C.C.H)
Wealth Drive Ghana Limited (WDG)
Devonshire Place Capital Ghana Limited
TCL Markets Ghana Limited
FX-Crypto Traders
Sonsis Susu Services
"Hence anyone who does business with these entities does so at his or her own risk and the Bank of Ghana will not be liable for the refund of any deposit lost by a depositor" the statement further added.
Source: Peacefmonline.com
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What of Gold Cost Fund Management and GN bank? Since September 2018, no customer has received any investment lodged there. BoG come clear on this.
@ Lion please the speculations and unfounded allegations will not help the economy. PLEASE STOP THE LIES.
why issue this statement when you can simply inform the security agencies to arrest and close them down? how many people can read and write in this country? among those who can read and write, how many have access to the internet? how many take their time to read the news papers? BoG is not a serious institution. I have no doubt that some officials at the BoG are involved in all these scams going on. I agree that people who get involved in these scams are greedy but issuing this cautions instead of closing them down and arresting those behind it tells me BoG is not serious.
Lion sometimes you people makes allegation without substantiating it. People like you dont help build a country. Today the Bank of Ghana is going to bail out 6 indigenous banks that are unable to meet the capital requirement. lets educate people to deposit their money with a well licensed bank in good standing.
Why, BOG taught this company (GCCH) started yesterday? We talking about over 100,000 Ghanaian investors. Ghanaians will never forgive the BOG and Govt if they just issuiedthis blanket statement without showing the way forward as to how Ghanaians will retrieve their investment
Most of the institutions listed have been closed down and my question is what is the government doing to make sure investors get their principal back? Wealth drive has been closed down and the CEO Larbi Kofi Emmanuel is just walking free. Why won't the government arrest them for operating illegally? I strongly believe there is more to this than we know
Nana kwaku, if you think that this is a genuine warning then you have a big problem. This is meant to cause more panic in the financial sector and weaken our financial institutions. That is why the IMF girl came to Ghana. She told Nana addo that the destruction of the banks was not enough and that if he really wants the 5 percent share of the ExxonMobil oil deal he needs to collapse the local banks completely. Go and do proper research before you come here to comment. Nana addo is forming a company to take 5 percent of the ExxonMobil oil deal.
The warning has been issued, yet you will have people turning deaf ears to it. They will loose their money and start blaming government. What will you want the government to do than to caution?