Bank of Ghana says if you value your money, don't do business with these 10 financial institutions
The Bank of Ghana has issued a strong warning to the public against engaging with ten money transfer organisations that are not authorised to operate within the country’s remittance and forex market.
In a notice released on Friday, June 27, the central bank stated that these firms are not approved and urged the general public, banks, Dedicated Electronic Money Issuers (DEMI), and Enhanced Payment Service Providers (EPSP) to avoid any dealings with them.
The unlicensed money transfer organisations are:
1. ACE Money Transfer
2. Remit Union
3. Remit Home
4. Roze Remit
5. Monty Global
6. Nairagram
7. I-Transfer
8. Hurupay
9. Eversend
10. Izi Send
The Bank emphasized that only approved institutions are permitted to operate in Ghana’s financial space and urged strict compliance to protect the integrity of the financial system.