BoG warns public of unauthorized money lending company

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Jon 10 years ago

Besides asking the public not to engage with this company what is the government doing about this company? Why are they being allowed to operate ?

Besides asking the public not to engage with this company what is the government doing about this company? Why are they being allowed to operate ?
NII ADJETEY 10 years ago

I AGREE WITH WITH YOU TOTALLY. IF THE COMPANY IS OPERATING ILLEGALLY WHY DON'T BOG CURB IT'S OPERATION RATHER THAN INFORMING THE PUBLIC. ARE WE THE ENFORCERS. THEY RATHER PERFORM THEIR MANDATE AND STOP PASSING THE BUCK.

I AGREE WITH WITH YOU TOTALLY. IF THE COMPANY IS OPERATING ILLEGALLY WHY DON'T BOG CURB IT'S OPERATION RATHER THAN INFORMING THE PUBLIC. ARE WE THE ENFORCERS. THEY RATHER PERFORM THEIR MANDATE AND STOP PASSING THE BUCK.
OSOMAFO PAUL 10 years ago

BoG must not shirt its constitutional responsibility as the sole regulatory institution in financial matters of the Ghanaian economy generally.

The public depends on their directions in this regard, so mere warning is not ...
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BoG must not shirt its constitutional responsibility as the sole regulatory institution in financial matters of the Ghanaian economy generally.

The public depends on their directions in this regard, so mere warning is not enough they need to chase these dubious companies and flush them out of the system period.
OSOMAFO PAUL 10 years ago

BoG must not shirk its constitutional responsibility as the sole regulatory institution in the financial matters of the Ghanaian economy generally.

The general public depends on their directions in this regard, so mere war ...
read full comment

BoG must not shirk its constitutional responsibility as the sole regulatory institution in the financial matters of the Ghanaian economy generally.

The general public depends on their directions in this regard, so mere warning is not enough they need to chase these dubiuos companies and flush them out of the system, period.
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jo 10 years ago

Please do not disturb our ears your corrupt institution is the one factor holding Ghana economy back how in your right mind in Ghana imposing 19% interest rate on commercial loan and allow the bank manager taking their 10% on ...
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Please do not disturb our ears your corrupt institution is the one factor holding Ghana economy back how in your right mind in Ghana imposing 19% interest rate on commercial loan and allow the bank manager taking their 10% on top of that a astronomical rate.Let me tell you any rightful business would not survive,unless the corrupt one which can play your game.BoG is nothing bet money laundering for our corrupt politician and their associates.It is one of the useless institution that is holding Ghana back and the people leading the institution are old timers without any thought doing anything progressive to improve the live of Ghanaian economy and it citizens
DAN 10 years ago

if that happen in usa the gov would stop them from operation!

if that happen in usa the gov would stop them from operation!
Kyekyeku 10 years ago

They will wait for this criminals called Nigerians dude hard working Ghanaian and the come out and speak big English to explain

They will wait for this criminals called Nigerians dude hard working Ghanaian and the come out and speak big English to explain
zomabi 10 years ago

PLEASE DONT BE STUPID BANK OF GHANA AND DONT WASTE OUR EARS WITH YOUR SO CALLED WARNINGS. DO YOUR JOB BY ARRESTING AND PROSECUTING THEM. SIR ARE YOU NOT ASHAMED OF WHAT U ARE SAYING. U MUST BE SACKED.

PLEASE DONT BE STUPID BANK OF GHANA AND DONT WASTE OUR EARS WITH YOUR SO CALLED WARNINGS. DO YOUR JOB BY ARRESTING AND PROSECUTING THEM. SIR ARE YOU NOT ASHAMED OF WHAT U ARE SAYING. U MUST BE SACKED.
OKOE 10 years ago

IF THAT COMPANY HAS NO LICENCE TO DO BUSINESS, CLOSE THEIR OPERATIONS. IF PEOPLE NEED MONEY AND THAT COMPANY WILL PROVIDE THEY WILL TAKE IT. JUST DO NOT TELL US. YOUR DUTY IS TO PROTECT THE PUBLIC, DO JUST THAT. YOU MAY BE SA ...
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IF THAT COMPANY HAS NO LICENCE TO DO BUSINESS, CLOSE THEIR OPERATIONS. IF PEOPLE NEED MONEY AND THAT COMPANY WILL PROVIDE THEY WILL TAKE IT. JUST DO NOT TELL US. YOUR DUTY IS TO PROTECT THE PUBLIC, DO JUST THAT. YOU MAY BE SAYING THIS IN PUBLIC WHEN PERHAPS YOU MIGHT NOT BE DOING YOUR JOB REQUIRED OF THE BANK.
TOPY 10 years ago

FRAUD AND DEFAULT OF BANKS IN GHANA NEED TO BE LOOK AT ESPECIALLY WITH TECHNOLOGY AS WELL AS CREDIT AGENCIES GIVING OUT LOANS. SOONER TIGHTER REGULATIONS IN PLACE THE BETTER THE BANKING SYSTEM IN GHANA WILL BE. LACK OF REGULA ...
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FRAUD AND DEFAULT OF BANKS IN GHANA NEED TO BE LOOK AT ESPECIALLY WITH TECHNOLOGY AS WELL AS CREDIT AGENCIES GIVING OUT LOANS. SOONER TIGHTER REGULATIONS IN PLACE THE BETTER THE BANKING SYSTEM IN GHANA WILL BE. LACK OF REGULATIONS LED TO AMERICAN, EUROPEAN FINANCIAL CRISIS
DAN 10 years ago

even tho banks have failed in usa NOBODY LOST MONEY! Your account in usa bank is insured to $250,000 per account by the FDIC (federal deposit insurance corp) or if credit union the NCUA (national credit union assoc)..When ban ...
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even tho banks have failed in usa NOBODY LOST MONEY! Your account in usa bank is insured to $250,000 per account by the FDIC (federal deposit insurance corp) or if credit union the NCUA (national credit union assoc)..When banks fail in usa they have 2 choices..Close the bank and write everybody a check for amount of money in their account(from the federal gov.) Or the federal or state gov. Sales the bank to a competing banks, and if sale takes place fast the bank reopens on monday as branch of the buyer bank! So before you think you know it ALL. worry about you own money is banks owed money by a Bankrupt gov!(ghana)
Otsibu Darko 10 years ago

IT IS BECAUSE THEY ALL HAVE THEIR VESTED INTEREST IN THIS COMPANY AND WHEN THE TIME IS RIPE THE MONEY IS LOOTED OVERSEAS AND SHARED AND THE COMPANY GOES BANKRUPT, THIS CAN ONLY HAPPEN IN GHANA. WHAT'S THE USE OF THE PRESIDENC ...
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IT IS BECAUSE THEY ALL HAVE THEIR VESTED INTEREST IN THIS COMPANY AND WHEN THE TIME IS RIPE THE MONEY IS LOOTED OVERSEAS AND SHARED AND THE COMPANY GOES BANKRUPT, THIS CAN ONLY HAPPEN IN GHANA. WHAT'S THE USE OF THE PRESIDENCY AND PARLIAMENT IF THEY CANNOT TAKE SIMPLE BUT DECISIVE ACTION IF BOG CANNOT DO IT AGAINST THE OPERATIONS OF THIS COMPANY?

BoG warns public of unauthorized money lending company

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