
Audio By Carbonatix
The Bank of Ghana (BoG) has indicated that its outfit has observed a fraudulent scheme under the pseudo name "Worldremit" operating in the country.
In a press statement signed by Secretary, Ms Sandra Thompson, the Central Bank noted that it has not provided license to such an entity or any other to engage in money doubling.
The fraudulent scheme "Worldremit" according to the Bank of Ghana is distinct from the globally renowned Fintech "WorldRemit" which is in the business of international fund transfers.
“This scheme encourages customers to select preferred packages, following which a code is generated by the fraudsters with which they obtain the WhatsApp accounts of their victims for spurious purposes. The scheme is fraudulent and does not reward investors as promised," the October 13 press release read.

The Bank of Ghana has, therefore, admonished members of the general public against the use of such unlicensed scheme or any other that offers money doubling services.
This the Bank says is to avoid any loss of funds.
To ensure one does not fall prey to such an unsanctioned scheme, the Central Bank stated that individuals can "verify with Bank of Ghana or other relevant authorities, the licensing authorities of persons or entities prior to depositing funds with them."
"Place deposits only with institutions licensed by Bank of Ghana, in order that they may be accorded the necessary protection offered under the applicable banking laws," the press statement added.
Also, citizens can visit the Bank's website www.bog.gov.gh to have access to its Money Doubling and Card Loading systems.
Meanwhile, the public is urged to report the activities of such unlicensed schemes to the Central Bank.
Failure to heed to the directives issued, be it an individual or institution, the Bank of Ghana noted is at one's own peril.
Latest Stories
-
Wontumi judgment raises concerns over land ownership liability – Nana Baffour Awuah
5 minutes -
Wontumi’s conviction has devastated NPP supporters – Manhyia South MP
9 minutes -
Ghana has lost a statesman in Ya-Na Abukari II – Mahama
15 minutes -
MPs raise alarm over unsecured containers on lowbeds
21 minutes -
BoG MPC to weigh inflation risks, liquidity and oil volatility
26 minutes -
24 aspirants file nomination for NPP Regional Executive Election in Bono East
31 minutes -
Burnham to set out cost of living support
34 minutes -
Business schools must listen more to industry – Prof Hinson
35 minutes -
Government’s committed to reforming TVET education – Education Minister
40 minutes -
PURC secures over GH¢105k credit adjustments for utility consumers in Greater Accra
43 minutes -
Revised curriculum for basic education to be presented to gov’t this week
47 minutes -
Police investigate drowning of girl, 15, in stream at Wovenu
52 minutes -
Ketu North MP distributes start-up tools to apprentices
57 minutes -
BoG launches ‘Student Observership’ to demystify monetary policy
1 hour -
GACC urges youth to resist, reject and report corruption
1 hour