Pulse.com.gh logo
Go


Banking In Ghana BoG warns against doing business with unlicensed Oboanipa Ventures

The Central Bank said that the company has not been licensed for the business it is operating.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Bank of Ghana (BoG) has cautioned the general public against doing business with a financial institution called Oboanipa Ventures Limited.

The Central Bank said that the company has not been licensed for the business it is operating.

READ ALSO: Dozens evacuated as gas leaks at La Marwako Restaurant

According to the Central Bank, the entity is operating a deposit-taking business without the requisite licence from them.

"The above-mentioned entity is operating contrary to section 6 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).”

"The general public is informed that Oboanipa Ventures Limited has not been licensed by the Bank of Ghana to engage in any form of deposit-taking business," BoG said in a release Monday. It is, therefore, warning that anyone who does business with Oboanipa Ventures Limited does so at their own risk.”

READ ALSO: Ghanaians waste $6 billion worth of food a year, twice the amount of food we import - Report

This is not the first time the BoG is warning against doing business with unlicensed financial institutions.

Earlier in the year, the BoG warned the general public against transacting business with Menzgold Ghana Limited because they were also not licensed to take financial deposits like traditional banks do.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m defaultbullet
6 Menzgold Ghana Investment company closes down its Gold Vault...bullet
7 Mahama boys prevented me from meeting him – Fibre Optics...bullet
8 Young Entrepreneurs Anas, Sarkodie, Nana Appiah & Yvonne...bullet
9 AirtelTigo 6 things every Airtel and Tigo customer...bullet
10 Nana Appiah Mensah Menzgold to open a new branch in Spainbullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Support Finance minister buys Kantanka carbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Entrepreneurship How to be resourceful as an entrepreneurbullet
7 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 Money Alert Meet Africa's richest womanbullet

Business