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Over the years, several financial institutions have collapsed and individuals have had their funds locked up with such institutions. Popular examples are Menzgold, DKM Microfinance, Noble Dream Microfinance among others. The country's institution which oversees the activities of financial institutions therefore does its best possible to alert individuals to prevent them from losing their funds to institutions which are set up to fail.
In view of protecting individuals, the central bank, Bank of Ghana (BoG) has issued a statement warning individuals about a popular money doubling scheme, "Worldremit". The central bank stated that "Worldremit" which is operating a money doubling scheme in Ghana is distinct from the globally renowned Fintech and World Remit. Fintech and World Remit are in the business of international funds transfer.
The central bank explains further that the money doubling scheme of Worldremit is a fraudulent one and it does not reward customers or investors as promised. It therefore advised all individuals to desist from patronizing this scheme and any other unauthorized schemes. The central bank stated that it has not licensed any entities or individuals who are engaged in "Money Doubling".
Check below for the statement issued by Bank of Ghana (BoG):
Let's take note and always be on the lookout in order not to lose our monies to such entities or individuals. SHARE this article on all platforms to keep everyone informed.
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