{"id":35170,"date":"2023-06-14T12:29:52","date_gmt":"2023-06-14T12:29:52","guid":{"rendered":"https:\/\/www.nsemgh.com\/?p=35170"},"modified":"2023-06-14T12:30:11","modified_gmt":"2023-06-14T12:30:11","slug":"bog-warns-against-97-illegal-loan-apps-in-ghana","status":"publish","type":"post","link":"https:\/\/www.nsemgh.com\/2023\/06\/14\/bog-warns-against-97-illegal-loan-apps-in-ghana\/","title":{"rendered":"BoG warns against 97 illegal loan Apps in Ghana"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><br>The Bank of Ghana (BoG) has cautioned the public against the operation of some online Apps operating without authorization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">97 of such applications have thus been cited for engaging in unlicensed lending activities in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2026 (930).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe Bank of Ghana reiterated that the activities of these entities significantly breach customer data and privacy laws as well as consumer protection requirements and norms with unfavorable implications on the integrity and wellbeing of their patrons\u201d, according to a statement from the Central Bank.<br>The general public has been advised to consult the Bank\u2019s website for the approved list of licenses institutions, before transacting any business with an institution.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"1214\" src=\"https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-3-750x1214-1.jpg\" alt=\"\" class=\"wp-image-35172\" srcset=\"https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-3-750x1214-1.jpg 750w, https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-3-750x1214-1-185x300.jpg 185w, https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-3-750x1214-1-633x1024.jpg 633w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.nsemgh.com\/225248a2-6fce-460f-a61f-8123148868dc\" alt=\"\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.nsemgh.com\/6b700c15-2d65-4cc6-ba08-0308df9cff81\" alt=\"\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.nsemgh.com\/7c3a4e95-650e-4add-89c6-0e2002ec0578\" alt=\"\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"1218\" src=\"https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-4-750x1218-1.jpg\" alt=\"\" class=\"wp-image-35173\" srcset=\"https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-4-750x1218-1.jpg 750w, https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-4-750x1218-1-185x300.jpg 185w, https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-Fraud-4-750x1218-1-631x1024.jpg 631w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"639\" height=\"1024\" src=\"https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-FRAUD-5-750x1202-1-639x1024.jpg\" alt=\"\" class=\"wp-image-35171\" srcset=\"https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-FRAUD-5-750x1202-1-639x1024.jpg 639w, https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-FRAUD-5-750x1202-1-187x300.jpg 187w, https:\/\/www.nsemgh.com\/pub\/2023\/06\/Online-FRAUD-5-750x1202-1.jpg 750w\" sizes=\"auto, (max-width: 639px) 100vw, 639px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Ghana (BoG) has cautioned the public against the operation of some online Apps operating without authorization.<\/p>\n","protected":false},"author":14,"featured_media":35174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[43],"tags":[11611,7358,9330,10957,3977,7396,192,10321,12329,7225,6332,10614,11906],"class_list":["post-35170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","tag-applications","tag-bank","tag-banks","tag-bog","tag-central-bank","tag-data","tag-ghana","tag-illegal","tag-laws","tag-loan","tag-online","tag-privacy","tag-the-general"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/35170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=35170"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/35170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/35174"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=35170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=35170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=35170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}