BoG warns Ghanaians against 6 “investment firms”
The banking and financial industry hasn’t experienced a smooth sail in the year 2018. Just as we thought we’ve seen it all, the regulatory body, BoG has yet again fired a warning shot to the general public to be wary of some deposit-taking institutions who are acting ultra vires.
The bank of Ghana issued a notice and listed six institutions who have not been granted the license to carry out deposit-taking activities in Ghana.
Among the listed institutions include:
- Global Coin Community Help International Limited (GCCH)
- Wealth Drive Ghana Limited (WDG)
- Devonshire Place Capital Ghana Limited
- TCL Markets Ghana Limited
- Fx-Crypto Traders and
- Sonsis Susu Services
We at Asetena.com believe that all other regulatory bodies in Ghana must take a cue from BoG and crack the whip on all institutions that are operating without a license and against established principles and laws.
We further advice BoG to take more stringent measures in dealing with all defaulters or institutions acting ultra vires.
Do you think BoG’s notice comes in as a timely one?
What happens to the deposits that have been taken already by these firms?
Do you know of any other firm that’s operating without a license in Ghana?
Let’s hear from you in the comment section.
Happy New Year! 😊