SIM card registration : Bank of Ghana warns mobile money loan defaulters to clear debt or face their wrath
The management of Bank of Ghana wishes to inform the general public especially mobile money loan defaulters that it will soon take negative actions against borrowers who have deliberately refused to pay their loans.
Again BoG has noted that some defaulters have already intentionally refused not to register their SIM Cards under the on-going
national SIM Card registration exercise, with the intention of avoiding repayment of the acquired loans.
According to BoG, data on all mobile money loan customers are domiciled in the databases 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.
Below Is The Full Statement
The attention of Bank of Ghana has been drawn to some individuals who have acquired loans through mobile money platforms, but have deliberately refused to register their SIM cards under the on-going
national SIM Card registration exercise, with the intention of avoiding repayment of the acquired loans.
Bank of Ghana wishes to inform the general public that data on all mobile money loan customers are domiciled in the databases 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.
Borrowers who have discarded their SIM Cards are advised to contact their telecommunication service providers or respective lenders, to discuss repayment arrangements to avoid adverse information on their credit reports, that could deny them access to future credit facilities.
For further enquiries, persons should contact The Director Financial Stability Department
Bank of Ghana Cedi House, 7th Floor
Tel.: 030 266 5005; 059 691 2354; 050 150 2270
Source : Honestynewsgh.com
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