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“PAY YOUR LOAN OR FACE COURT” – Bank of Ghana To Qwikloan Defaulters

The Bank of Ghana has warned Mobile Money defaulters in regards to loan repayment,

The central bank asserts that anyone who, for one reason or another, chose not to repay the loans they obtained will have to appear in court.

In a statement released on September 27, 2022, and signed by The Secretary, the Bank of Ghana hinted that some loan defaulters had thought about it and refused to re-register their SIM Cards in an effort to avoid paying back the debts they had taken.

“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.

Read the Full Statement Below…

 

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