The Bank of Ghana has issued a stern warning to Mobile Money defaulters regarding the repayment of their loans.
According to the apex bank, people who have for one reason or the other decided not to settle their loans which they took would have to face court.
A statement issued by the Bank of Ghana on September 27, 2022, and signed by The Secretary intimated that some loan defaulters have deliberated and refused to re-register their SIM Cards in order to avoid the repayment of the loans they took.
“As 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.
Read the Full Statement Below…
