{"id":1125287,"date":"2022-06-17T10:43:04","date_gmt":"2022-06-17T10:43:04","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/06\/17\/victims-of-ponzi-schemes-are-mostly-security-personnel-bank-of-ghana\/"},"modified":"2022-06-17T10:43:04","modified_gmt":"2022-06-17T10:43:04","slug":"victims-of-ponzi-schemes-are-mostly-security-personnel-bank-of-ghana","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/06\/17\/victims-of-ponzi-schemes-are-mostly-security-personnel-bank-of-ghana\/","title":{"rendered":"Victims of ponzi schemes are mostly security personnel \u2013 Bank of Ghana"},"content":{"rendered":"

<\/p>\n

\n
\n
\"Bank
Bank of Ghana <\/figcaption><\/figure>\n<\/div>\n

<\/p>\n

The Bank of Ghana has offered financial literacy training to personnel of the Ghana Immigration Service in the Ashanti region.<\/p>\n

The training is aimed at empowering the security personnel\u00a0with knowledge in managing their finances and\u00a0to make\u00a0the right financial decisions.<\/p>\n

The workshop is part of the Bank of Ghana\u2019s annual activities to educate the public on financial management.<\/p>\n

\"\"<\/figure>\n

The training\u00a0covered critical areas\u00a0including, identification of licensed financial institutions, official means to lodge complaints, loan applications, and money laundering.<\/p>\n

<\/p>\n

According to statistics by the central bank, the majority of complaints received are from security personnel.<\/p>\n

\"Victims
Godfred Cudjoe, Financial Stability Department of Bank of Ghana<\/figcaption><\/figure>\n

Godfred Cudjoe of the Financial Stability Department of the Bank says most of the security personnel are victims of ponzi schemes.<\/p>\n

\u201cThe bank noticed that from our complaint statistics, a number of complainants came from the security agencies. Especially, when it comes to ponzi schemes within country, the security agencies are the most hit,\u201d he said.\u00a0<\/p>\n

The Bank of Ghana cautioned the public against disposing of their mobile SIM cards after borrowing money from the telecommunication networks.<\/p>\n

According to\u00a0Godfred Cudjoe, this will affect the ability to access a loan from the banks.<\/p>\n

\u201cThe information is kept by the credit bureau. So, if you need a loan another time from a bank, they will check and know that you once took MoMo loan and didn\u2019t pay. This will affect your ability of getting a loan when you are in dire need of funds,\u201d he said.\u00a0<\/p>\n

\"Victims
Chief Accountant of Ghana Immigration Service \u2013 Ashanti region, Joshua Mensah Ayettey<\/figcaption><\/figure>\n

Chief Accountant at the Ashanti regional command of the Ghana Immigration Service, Joshua Mensah Ayettey, said the training would help in reducing the growing statistics of staff losing money to Ponzi schemes.<\/p>\n

\u201cThis would help us a lot. We are privileged for the knowledge and awareness given us. Knowledge stimulates action. So, what has been learnt here will be shared,\u201d he said.\u00a0<\/p>\n

The training is expected to be replicated across all other security agencies.<\/p>\n

<\/p>\n