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BoG Cautions Against 97 Illegal Loan Apps In Ghana

June 14, 2023 BUSINESS NEWS, GENERAL NEWS Comments Off on BoG Cautions Against 97 Illegal Loan Apps In Ghana

The Bank of Ghana (BoG) has cautioned the public against the operation of some online Apps operating without authorization. 97 of such applications have thus been cited for engaging in unlicensed lending activities in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (930). “The Bank of Ghana reiterated …

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