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    GH¢548 Million NSA Fraud Uncovered; More Revelations Expected

    GH¢548 Million NSA Fraud Uncovered; More Revelations Expected

    The Ghana Registered Nurses and Midwives Association (GRNMA) has suspended its nationwide strike, which began on June 2, 2025, following what it describes as fruitful engagements with the Parliamentary Select Committee on Health.

    GRNMA Suspends Nationwide Strike After Parliamentary Intervention

    Police Arrest Two Suspects in Central Region for Smuggling 250 Bags of Cocoa Beans

    Police Arrest Two Suspects in Central Region for Smuggling 250 Bags of Cocoa Beans

    Apewosika-Kokoado Enstools Obaapa Nana Esi Maanan I as New Development Queen

    Apewosika-Kokoado Enstools Obaapa Nana Esi Maanan I as New Development Queen

    The Ghana National Chamber of Commerce and Industry (GNCCI) is urging government to intensify consultations with the business community as the country prepares to roll out a new Value Added Tax (VAT) system in September this year.

    GNCCI Calls for Broader Consultations Ahead of VAT Reform

    Cocoa farmers across Ghana are urging the government to improve their working conditions and increase the producer price of cocoa as the country prepares for the 2025/2026 cocoa season.

    Cocoa Farmers Renew Calls for Better Conditions Ahead of 2025/2026 Season

    Ghana has confirmed 79 cases of Mpox (formerly known as Monkeypox) across the country in 2025, with no fatalities reported so far, according to the latest update from the Ghana Health Service.

    Ghana Confirms 79 Mpox Cases So Far; No Deaths Recorded

    Ghana’s gas production is expected to see a significant boost in the coming years following a new agreement between the government and key oil and gas partners, including Jubilee, TEN (Tweneboa, Enyenra, Ntomme), and Sankofa partners.

    Gov’t Signs Deal to Boost Ghana’s Gas Production

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    UCC Association of Students with Special Needs celebrates Awareness Week

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    Kenya police suspended over death of man in custody for online post

    Kenya police suspended over death of man in custody for online post

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    Bill Gates to give most of his $200bn fortune to Africa

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    U.S. halts new student visa appointments for expanded social media screening

    Gov’t exceeds T-bill target by GHS 423m

    Strong investor demand pushes Ghana’s T-bill sales past target by GHS423m

    https://atlfmnews.com/auto-draft/

    South Africa to pursue appeal against Nigerian pastor acquitted of rape

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BoG cautions public against 19 entities engaged in loan services without license

Mabel Boamah by Mabel Boamah
3 years ago
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BoG cautions public against 19 entities engaged in loan services without license
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The Bank of Ghana (BoG) has cautioned the general public against unlicensed entities engaged in granting loans to customers, in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2016.

According to the Central Bank, these unlicensed entities mostly employ the use of mobile applications and social media in their activities.

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The entities which are 19 in number include SikaPurse Quick Online loan, 4Cedi Instant Mobile loan application, Zidisha Online Loans, Ghana Lending Application, AdamfoPa Loan, CrestCash Loan, MobiLoan Application and Cedi Now – Cash Loans Application.

The Central Bank further said “the activities of these unauthorized entities amount to non-adherence of the consumer protection requirements and an abuse of customers’ data and privacy laws”.

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Read Also: Row erupts in suspected Nigeria mummy shrine case

“The Bank of Ghana is taking steps to take action against these entities and hereby advises the general public to desist from doing business with all unlicensed loan providers. Banks and Specialized Deposit-Taking Institutions, as well as payment service providers are advised to facilitate the illegal transactions of the unlicensed loan providers”, it explained.

It advised the public to visit its website www.bog.gov.gh/supervision-regulation/all to see the list of licensed institutions.

Again, it urged the public to report such activities.

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SOURCE: myjoyonline

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