The Bank of Ghana says it has not authorized - given license to anybody – individual or entity to operate any money doubling scheme in the country and urging the public to be alert, to avoid being swindled. The Central Bank in a statement, made specific reference to a money doubling scheme that goes by the false name “worldremit” and labeled it as a scam – fraudulent.
Please follow me to get access to all my newly published articles. The recent circulating news that has earned the Inspector General of Police, Dr George Akufo Dampare massive applauds, praises and commendation by most Ghanaians is the one below considering the recent initiative Dampare has implemented.
The Graphic Sample of a Ghc500 Note has been circulating on social media with several people posting their concerns and reacting to it. The note has all former presidents of the 4th Republic on it including the Incumbent President Nana Addo Dankwa Akufo-Addo placed in the Middle with former President John Kufour being positioned at the button corner.
The Bank of Ghana has drawn the line between “Worldremit” and “WorldRemit” as financial companies. Although the former is very popular on social media, the latter is recognized globally as a financial institution that is into the transfer of funds between two counties. Let us learn the difference between the two better.
We heard recently the IGP of Sierra Leone came to meet Dr George Akuffo Dampare, the Inspector General of Police and some of his men at the National Police Headquarters in Accra to see more ways of working together to promote law and order. Notwithstanding Dr Dampare hasn't been sleeping on his job after his appointment as Inspector General of Police as he holds series of meetings to help curb the rate of crime in the country.
As more and more people are now using mobile money to transanct business in Ghana, some unscrupulous persons are devicing new ways to defraud people. As the the tricks of these criminals are been discovered, they keep finding new ways to defraud people using mobile money to transanct business.
The Bank of Ghana has issued an important note to the general public. The statement was released on 13th October 2021 and signed by the Secretary, Sandra Thompson. The note seeks to warn all people of the fraudulent schemes employed by "World remit". In a statement Bank of Ghana (BOG) said that it has identified a money doubling scheme operating in Ghana under the pseudo name "Worldremit".
The Bank of Ghana has finally made clearance on the ongoing world Remit scam in the country. The world remit is used by fraudsters in the country to fake doubling of money. According to the bank of Ghana, any money doubling institution in the country is fake and illegal.
This information is directly from the Financial Stability Department, Bank of Ghana (BoG) on Thursday 14th October 2021 informing the public to be very careful about "WORLD REMIT" MONEY DOUBLING SCHEME is an illegal and fruadulent activity. The Bank cautious the public especially the youths not to participate in this illegal and fruadulent activity to avoid loss of funds.
The high cost of maintaining the GHC1 and GHC2 notes, as well as the ease with which these notes were torn and soiled inspired the Bank Of Ghana to make a decision to withdraw these notes from the system. Coupled with the fact that these notes are heavily used in the country and changes hands several times a day, there was the need to introduce more durable and tough currencies to replace the GHC1 and GHC2, to avoid the huge costs associated with keeping them in circulation.
After several suffering from many money doubling company including US tilapia, another one has emerged and it taking over the country. This has brought the attention of the central bank of the country to investigate the money doubling scheme. This is because the ones that were in the country earlier only took the hard-earned monies of the vulnerable Ghanaians and nothing else has been done about it.
The Ghanaian US based investigative journalist, Kevin Ekow Taylor has sends another message to Ghanaians again about bank of Ghana phasing out 1 and 2 cedis notes very soon in the country. Kevin Taylor has told Ghanaians that they must speak about Bank of Ghana phasing out those currency notes.
The Bank of Ghana is set to replace 1 cedi and 2 cedis notes with coins as a means to ensure there is cost effective in the printing of the one and two Cedis denominations which the parent bank suffers to print always and circulate in the system. Poor ways of handling the currency had amounted the decision of BoG to phase out the paper forms of currency only for the 1 and 2 Cedis papers respectively.
The decision of Bank of Ghana to phase out the GHc1 and GHc2 notes very soon, many people have expressed their concerns and worries. This was made known to Ghanaians by the governor of the Central Bank who is in the person of Dr. Ernest Addison when he was speaking on Monday, September 27, 2021.
The announcement made by the Governor of the Bank of Ghana, Dr. Ernest Addison, to replace the GH¢1 and GH¢2 notes with coins due to its high circulation in the system and being returned worn out may be received by church folks with mixed feelings. This, he said was due to the fact that the worn out notes make it difficult for the machines to process.
Following an announcement by the Bank of Ghana (BOG), to phase out the 1 Cedis and 2 Cedi notes from the system, there has been mixed reactions reac reactions from the public. According to the Governor of the Bank of Ghana, Dr. Ernest Addison , the Central Bank plans to phase out the two notes from the system in the coming Months.
Ghana at it again as the Bank of Ghana announced it readiness to take out the 1 Ghana cedi notes and the 2 Ghana cedi notes as well from the system. Social media users has taken to their handles on various social media platforms to share their opinions about it since the news hits online.
The most popular Ghana cedi note, the '1 Ghana', together with the 2 cedis will die soon. They will be phased out gradually till they are no more. These two denominations will be replaced by the ¢1 and ¢2 coins, respectively. The Bank of Ghana governor says.
The Bank of Ghana (BOG) has revealed that the GHC1 and GHC2 notes will be cleared off the system soon. The BOG also the Ghanaian economy grew by just 0.4% last year - its slowest rate since 1983. But it has gained ground in 2021, expanding 3.1% in the first quarter and 3.9% in the second.
The GHC1 and GHC2 will be going a gradual process of fading out of the system the gradual reduction of a tax credit that a tax payers are eligible for as their income approaches the upper limit to quality for that credit. The One cedi and two cedis note were produced for a purpose and at last they have served it purpose rightfully and there is no need to keep spending such monies in the system.