{"id":414528,"date":"2017-09-04T18:36:55","date_gmt":"2017-09-04T18:36:55","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/09\/04\/bank-of-ghana-warns-public-against-dealing-with-monidoubla\/"},"modified":"2017-09-04T18:36:55","modified_gmt":"2017-09-04T18:36:55","slug":"bank-of-ghana-warns-public-against-dealing-with-monidoubla","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/09\/04\/bank-of-ghana-warns-public-against-dealing-with-monidoubla\/","title":{"rendered":"Bank of Ghana warns public against dealing with Monidoubla"},"content":{"rendered":"

<\/p>\n

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The Bank of Ghana is asking the public not to deal with an online based financial firm Monidoubla.<\/p>\n

According to the Central Bank, Monidobla uses mobile platforms as a medium to transact its operations.<\/p>\n

The Bank of Ghana in a statement added that \u201cFunds are mobilised and paid to its members via mobile money platforms, and monies lodged with the entity are said to be doubled over a period\u201d.<\/p>\n

<\/p>\n

But the regulator\u00a0noted that the entity\u2019s operations are contrary to section 6(1) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930).<\/p>\n

The Bank of Ghana concluded is therefore\u00a0informing the general public that \u201cMonidoubla is not licensed by the bank to engage in any form of deposit-taking business. Hence, anyone who does business with Monidoubla does so at his\/her own risk.\u201d<\/p>\n

Cleaning up the industry<\/b><\/p>\n

This warning is coming after a similar one on the operations of gold buying firm Menzgold. For some industry watchers this is a sign of the bank\u2019s commitment to clean up the industry.<\/p>\n

However, others have criticized the Bank for not doing enough to protect depositors.<\/p>\n

They have argued that the regulator should rather move in quickly to close these firms rather than warning the public.\u00a0<\/p>\n<\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Bank of Ghana is asking the public not to deal with an online based financial firm Monidoubla. According to the Central Bank, Monidobla uses mobile platforms as a medium to transact its operations. The Bank of Ghana in a statement added that \u201cFunds are mobilised and paid to its members via mobile money platforms, […]<\/p>\n","protected":false},"author":0,"featured_media":410454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-414528","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nBank of Ghana warns public against dealing with Monidoubla - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/09\/04\/bank-of-ghana-warns-public-against-dealing-with-monidoubla\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bank of Ghana warns public against dealing with Monidoubla - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The Bank of Ghana is asking the public not to deal with an online based financial firm Monidoubla. 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