The Bank of Ghana (Bog) has warned individuals who have acquired loans through mobile money platforms but have deliberately refused to register their SIM cards to enable them repay the loan.
The central bank says data on all mobile money loan customers are avilable in the data base of credit bureaus.
“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,” a statement by the Bank on Wednesday September 28 said.
Below is the statement
