BoG Cautions Public Against 20 Unlicensed Loan Apps, Cites Data Privacy Risks
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BoG Cautions Public Against 20 Unlicensed Loan Apps, Cites Data Privacy Risks

Ghana·Wire Summary⏱️ 1 min read

The Bank of Ghana has strongly advised the public not to engage with unlicensed loan providers. This follows the operations of 20 mobile loan applications without the requisite license or authorisation from the central Bank. In a communique, the Central Bank reiterated that the operations of these entities constitute significant violations of customer data privacy, […]

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