The bank of Ghana has cautioned individuals who have acquired loans via mobile money platforms but have deliberately decided not to re-register their SIM cards under the on-going national SIM card registration.
In a statement released by the central bank, on Wednesday September 28, 2022 warn defaulters that, failure to repay such loans will affect defaulters in their chances to secure loan facilities from other financial institutions in the future.
“Bank of Ghana wishes to inform the general public that data on all mobile money loan customers are domiciled In the database 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 fina institutions and credit providers in future” the statement said
The statement further indicated that, borrowers who have ditched their SIM cards are advised to contact their telecommunication service on repayment arrangements.
Below is the full statement:
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