{"id":1263862,"date":"2022-12-10T17:15:52","date_gmt":"2022-12-10T17:15:52","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/10\/do-not-take-loans-from-these-19-institutions-bog-cautions\/"},"modified":"2022-12-10T17:15:52","modified_gmt":"2022-12-10T17:15:52","slug":"do-not-take-loans-from-these-19-institutions-bog-cautions","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/10\/do-not-take-loans-from-these-19-institutions-bog-cautions\/","title":{"rendered":"Do Not Take Loans From These 19 Institutions &#8211; BoG Cautions |"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Central Bank has cautioned Ghanaians against taking loans from some 19 unlicensed institutions.<\/p>\n<p>In a statement on August 22, 2022, it said, &#8220;Bank of Ghana has observed that a number of unlicensed entities are engaged in the provision of loans to the Ghanaian public, in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930). These illegal entities mostly employ the use of mobile applications and social media in their activities.&#8221;<\/p>\n<p>According to BoG, the activities of these unauthorized entities amount to non-adherence to consumer protection requirements and abuse of customer data and privacy laws.<\/p>\n<p>Among the entities providing loan services without a license from the Bank of Ghana include the following:<\/p>\n<p>1. SikaPurse Quick Online loan <\/p>\n<p>2. 4Cedi Instant Mobile loan application<\/p>\n<p>3. Zidisha Online Loans <\/p>\n<p>4. GhanaLending Application<\/p>\n<p>5. ChasteLoan Application <\/p>\n<p>6. LoanClub-Ghana Instant Loan <\/p>\n<p>7. AdamfoPa Loan <\/p>\n<p>8. MetaLending- Instant Cash Loan <\/p>\n<p>9. Wohiasika Loan (Ghanaloan.net)<\/p>\n<p>10. Boseafie \u2013 Bosea Micro-Credit <\/p>\n<p>11. SikaKasa Online Lending<\/p>\n<p>12. LoanPro \u2013 digital and instant loan<\/p>\n<p>13. SikaWura Loan Application <\/p>\n<p>14. BegyeBosea Loan <\/p>\n<p>15. LendingPapa \u2013 Online Loans <\/p>\n<p>16. CrestCash Loan <\/p>\n<p>17. Credxter \u2013 Loans and Hire- Purchase<\/p>\n<p>18. MobiLoan Application <\/p>\n<p>19. Cedi Now \u2013 Cash Loans Application<\/p>\n<h3><strong\/><\/h3>\n<p><iframe src=\"https:\/\/docs.google.com\/gview?url=https:\/\/media.peacefmonline.com\/docs\/202212\/186067010_426527.pdf&#038;embedded=true\" style=\"width: 90%; height: 1000px\"><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><\/iframe><\/p>\n<p><span class=\"peace_black_text_4\">Source: Ghanaweb.com<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"clear:both\">\n<tr>\n<td><span class=\"peace_red_text_1\">Disclaimer<\/span>: <span class=\"peace_ash_text_1\">Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.<\/span><\/td>\n<\/tr>\n<\/table>\n<p>Featured Video\n<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"wB2-NHndouE\"><iframe loading=\"lazy\" title=\"Our Fight Against Sim Card Registration Is Unending- Hon. Ras Mubarak Cautions Gov&#039;t\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/wB2-NHndouE?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank has cautioned Ghanaians against taking loans from some 19 unlicensed institutions. In a statement on August 22, 2022, it said, &#8220;Bank of Ghana has observed that a number of unlicensed entities are engaged in the provision of loans to the Ghanaian public, in contravention of the Banks and Specialised Deposit-Taking Institutions Act, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1159825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1084,2252,2246,4184],"class_list":["post-1263862","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bog","tag-cautions","tag-institutions","tag-loans"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1263862","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=1263862"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1263862\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1263862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1263862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1263862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}