Bank of Ghana (BOG) Sends Strong Warning To Qwikloan Users.

Ghanaians who borrowed money from Qwikloan and XpressLoan but haven’t paid back have received a stern warning from the Bank of Ghana (BOG).

Mobile Money Booth

Customers of Qwikloan and XpressLoan who borrowed money but didn’t pay it back would face consequences, the central bank claims.

ALSO READ:20+ Successful Business Ventures You Can Launch in Ghana (2022).

The apex bank claimed in a statement that credit bureau databases contain information on every single person who has taken out a mobile money loan.

It noted that some defaulters have decided to discard their SIM cards.

Ernest Addison, Governor of the Bank of Ghana

“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,” the statement added.

Earlier, Communications Minister Ursula Owusu-Ekuful warned people who do owe Qwikloan do not want to have their SIM cards registered to avoid settling their loans.She described the act of the loan users as corruption.

Thanks For Reading.  

  1. Registrati says

    Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.

  2. […] ALSO READ:Bank of Ghana (BOG) Sends Strong Warning To Qwikloan Users. […]

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More