The Bank of Ghana (BoG) has asked persons who have acquired loans through mobile money platforms but have refused to register their sim cards to desist from such acts or risk the chances of obtaining loans from other credit facilities.
In a statement, the BoG warned that data on all mobile money loan customers are domiciled in the database of credit bureaus. “As a result, failure to repay such loans will attract negative repercussions on borrowers’ credit reports/history and could subsequently adversely affect any chance of obtaining loan facilities from other financial institutions and credit providers in future.
Reports indicate that some individuals who have acquired loans through mobile money platforms have deliberately refused to register their sim in the ongoing national SIM card registration exercise.
Below is the Statement from Bank of Ghana
Press Release – Mobile Money Loan Defaulters pic.twitter.com/dbY8VqKEPD
— Bank of Ghana (@thebankofghana) September 28, 2022