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Sim Registration: BoG Warns Mobile Money Loan Defaulters of negative repercussions


The Bank of Ghana (BoG) has warned individuals who are reportedly refusing to re-register their sim cards in a bid to avoid repaying their mobile money loans.

According to the Central Bank, data on all mobile money loan customers are domiciled in the databases of credit bureaus.

As a result, the BoG says in its statement sighted by www.africanentertainment.com, that failure to repay such loans will attract negative repercussions on borrowers’ credit report/history and could subsequently adversely affect any chances of obtaining loans facilities from other financial institutions and credit provider in future.

Below is the statement:

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