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Business News of Thursday, 8 November 2018


Bank of Ghana cautions public against unlicensed deposit-taking entities

Bank of Ghana's Governor, Dr Ernest Addison

The Bank of Ghana has cautioned the public against depositing funds with entities not licensed to take deposits.

The central bank in a statement issued Thursday, November 8, 2018 and signed by Frances Van-Hein Sackey, Bank Secretary, the entities including 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 and Sonsis Susu Services have not been licensed to carry out activities of taking deposits from depositors.

The Bank of Ghana is therefore warning the public to be careful of deals with these entities as any business done with them would be at the risk of depositors.

It says it would not be liable for the refund of any deposit lost by a depositor.