Message From BoG To Mobile Money Loan Defaulter [You will pay at all cost if you owe]

      Message From BoG To Mobile Money Loan Defaulter [You will pay at all cost if you owe]

      Summary

      1. It has been noted that mobile money account holders who took loans from their service providers have either refused to register their sims or discarded such sims.

      2. The decision to either discard such sims or not register such sims, the Bank of Ghana suspect, is to avoid repayment of such defaulting loans.

      3. The Bank of Ghana have a counter measure to deal with such mobile money loan defaulters.

      See also: Mobile Money Quick-Loan To Be Recovered With These 2 Simple Measures. Get Prepared To Pay

      4. According to the bank of Ghana in a press release on the 28th September, 2022, such defaulting loans and their accounts holders will be stored in the databases of Credit Bereau companies where, in the country, financial institutions always check the credit worthiness of their clients before giving loans to every customer.

      See also: The Data Dr. Bawumia Wants To See To Reverse The E-levy

      5. Keeping such defaulting information on the databases of Credit Bereau will have a negative report/history or credit worthiness ofthe individual.

      6. Such customers may not be able to access loans from other financial institutions going into the future.

      7. Read the press release from the Bank of Ghana in the feature image

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