The Central Bank has in statement cautioned
all individuals who have acquired loans through mobile money platforms,
but have delibrately 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 to think otherwise.
In a statement signed by The Secretary, Sandra Thompson (MS.), further stated
that, "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."
Read full statement below
"The attention of Bank of Ghana has been drawn to some
individuals who have acquired loans through mobile money platforms, but have
delibrately 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 genral public that data
on all mobile money laon 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 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."
Source: Peacefmonline.com