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JUST IN: “You will face the following consequence…”-Bank of Ghana sends strong warning to MoMo loan defaulters

JUST IN: “You will face the following consequence…”-Bank of Ghana sends strong warning to MoMo loan defaulters

According to the Bank of Ghana (BoG), mobile money loan defaulters who have purposefully discarded their SIM cards risk facing unfavorable consequences.

The BoG stated in a statement that it has observed “some individuals who have acquired loans through mobile money platforms but have deliberately refused to register their SIM cards under the ongoing national SIM Card registration exercise, with the intention of avoiding repayment of the acquired loans.”

“The Bank of Ghana desires to remind the general public that data on all mobile money loan customers is housed in credit bureau databases.”

Bank

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