{"id":1212406,"date":"2022-09-28T10:13:35","date_gmt":"2022-09-28T10:13:35","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/28\/bank-of-ghana-warns-qwikloan-defaulters-to-repay-or-face-the-repercussions\/"},"modified":"2022-09-28T10:13:35","modified_gmt":"2022-09-28T10:13:35","slug":"bank-of-ghana-warns-qwikloan-defaulters-to-repay-or-face-the-repercussions","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/28\/bank-of-ghana-warns-qwikloan-defaulters-to-repay-or-face-the-repercussions\/","title":{"rendered":"Bank of Ghana warns Qwikloan defaulters to repay or face the repercussions"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"456\"  alt=\"\" title=\"DR-ERNEST-ADDISON\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/DR-ERNEST-ADDISON.jpg\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"456\" class=\"entry-thumb td-modal-image\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/DR-ERNEST-ADDISON.jpg\"   alt=\"\" title=\"DR-ERNEST-ADDISON\"\/><\/noscript><figcaption class=\"wp-caption-text\">Governor of the Bank of Ghana, Dr Ernest Addison<\/figcaption><\/figure>\n<\/div>\n<p>The Bank of Ghana (Bog) has warned individuals who have acquired loans through mobile money platforms but have deliberately refused to register their SIM cards to enable them repay the loan.<\/p>\n<p>The central bank says data on all mobile money loan customers are avilable in the data base of credit bureaus.<\/p>\n<p>\u201cAs a result failure to repay such loans will attract negative repercussions on borrowers credit reports and could subsequently adversely affect any chance of obtaining loan facilities from other financial institutions and credit providers in future,\u201d a statement by the Bank on Wednesday September 28 said.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Press Release \u2013 Mobile Money Loan Defaulters <a href=\"https:\/\/t.co\/dbY8VqKEPD\">pic.twitter.com\/dbY8VqKEPD<\/a><\/p>\n<p>\u2014 Bank of Ghana (@thebankofghana) <a href=\"https:\/\/twitter.com\/thebankofghana\/status\/1575047128678019072?ref_src=twsrc%5Etfw\">September 28, 2022<\/a><\/p>\n<\/blockquote>\n<p>Earlier, the Minister of Communications and Digitalisation, Ursula Owusu-Ekuful also warned them and further\u00a0described their action as evil corruption.<\/p>\n<p>It is recalled that Ningo Prampram Member of Parliament, Samuel Nartey George, said some customers who were yet to settle their debt decided not to pay and were waiting for their SIM to be blocked.<\/p>\n<p>Speaking on the Key Points on TV3 Saturday, July 30 in connection with the earlier plan to end the SIM re-registration by today, Sunday, July 31, Sam George said \u201cYou have Qwik Loan customers who have taken facilities and people are holding back and not wanting to pay, they are saying, okay, if you want to deactivate my SIM, let\u2019s deactivate it.<\/p>\n<p>\u201cIt is a disincentive for you to attract investors into the tech space. Don\u2019t forget that this quick loan has created a space for a new cadre of small-scale businesses, people who take \u00a2500 or \u00a21000 and turn it around and run businesses and pay these facilities back.<\/p>\n<p>\u201cThe Qwikloan, at times, has put food on the table of families, you can\u2019t underestimate the value of this. Right now, industry players are going to be scared. How do I put money into an industry like OTT [Operate Over the Internet] when a policy directive one day could cost me millions or billions of dollars? These are the kind of policy incoherence we need to talk about.\u201d<\/p>\n<p>But addressing a press conference in Accra on Sunday, July 31, the Communications Minister said \u201cI have also been informed that some people who have obtained Qwik Loans from their service providers have decided not to register those SIMs to avoid repaying the loans. That is evil corruption and you will be found out.\u201d<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor of the Bank of Ghana, Dr Ernest Addison The Bank of Ghana (Bog) has warned individuals who have acquired loans through mobile money platforms but have deliberately refused to register their SIM cards to enable them repay the loan. The central bank says data on all mobile money loan customers are avilable in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1212407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[557,667,1497,85,26468,19935,4040,170],"class_list":["post-1212406","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank","tag-defaulters","tag-face","tag-ghana","tag-qwikloan","tag-repay","tag-repercussions","tag-warns"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1212406"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212406\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1212406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1212406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1212406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}