• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 202110

BoG Cautions Public Against Fraudulent “Worldremit” Money Doubling Scheme

14-Oct-2021
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The Bank of Ghana (BoG) has warned the public against doing business with a fraudulent money doubling scheme operating in Ghana under the pseudo name “Worldremit”.

According to the central bank, this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of international fund transfers.


A statement released by the BoG explained that this fraudulent scheme encourages customers to select preferred packages, following which a code is generated by the fraudsters with which they obtain the WhatsApp accounts of their victims for spurious purposes.

“The scheme is fraudulent and does not reward investors as promised. The general public is cautioned against patronage of this and other similar unsanctioned schemes. Bank of Ghana states that it has not licensed any entities or individuals engaged in ‘Money Doubling’”.

As part of measures to halt such fraudulent acts the BoG advised the public to verify with the central bank  or other relevant authorities, the licensing status of persons or entities prior to depositing funds with them.

“Place deposits only with institutions licensed by Bank of Ghana, in order that they may be accorded the necessary protection offered under the applicable banking laws; andRefer to Bank of Ghana’s notice on ‘Money Doubling’ and ‘Card Loading systems’ titled NOTICE NO. BG/GOV/SEC/2020/12, which can be found on the Bank’s website: www.bog.gov.gh “

Source: B&FT

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Trove Is Now In Ghana To Provide Access To Global Investments Opportunities

Next Post

You Can Now Buy Motor Insurance On WhatsApp - Imperial General Assurance MD

 
 

More Stories

Banking Beyond Transactions: The Heart Of Customer Experience
From Good To Great: Vodafone Ghana Inspires SMEs At Business Runway Event
Emirates Crowned As 2024 Apex World Class Airline, With Additional Award For Economy Class Amenity Kit
Vodafone Cash Updates Its Zero-Charge Offer
Two Local Biscuit Manufacturers Lock Horns In Trade War Over Trademarks
Ghana To Become First African Country To Issue FLEGT License
Tullow Drives Local Participation In Oil And Gas Sector
CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana
Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges
Next Post

You Can Now Buy Motor Insurance On WhatsApp - Imperial General Assurance MD

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Banking Beyond Transactions: The Heart Of Customer Experience

  • From Good To Great: Vodafone Ghana Inspires SMEs At Business Runway Event

  • Emirates Crowned As 2024 Apex World Class Airline, With Additional Award For Economy Class Amenity Kit

  • Vodafone Cash Updates Its Zero-Charge Offer

  • Two Local Biscuit Manufacturers Lock Horns In Trade War Over Trademarks

  • Ghana To Become First African Country To Issue FLEGT License

  • Tullow Drives Local Participation In Oil And Gas Sector

  • CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana

  • Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges

  • Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event

 

 
 

Popular Videos

Akan News @ 6am On Peace 104.3 FM (30/09/2023)

Kokrokoo Live On Peace 104.3 FM (2/10/2023)

Kokrokoo Live On Peace 104.3 FM (2/10/2023)

Peace Power Sports (02/10/2023)

Entertainment Review On Peace 104.3 FM (30/09/2023)

HELLO ENTERTAINMENT REVIEW WITH DAVE HAMMER (30/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media