By: Franklin ASARE-DONKOH
The Bank of Ghana (BoG), in collaboration with the Ghana Police Service, has closed down Dek-Nock Investments, located at Nungua and Ashaiman in the Greater Accra Region, for operating without a licence.
According to the bank, the closure is in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
A statement by the Central Bank disclosed that Dek-Nock Investments was engaged in unauthorised deposit-taking, contrary to Section 6(1) of Act 930.
“Dek-Nock Investments was engaged in unauthorised deposit-taking contrary to Section 6(1) of Act 930.
The Ghana Police Service is conducting further investigations into the operations of Dek-Nock Investments.
All customers of Dek-Nock Investments are urged to remain calm while investigations continue. The general public and all stakeholders will be kept informed of the next line of action.
In collaboration with the respective Law Enforcement Agencies, the Bank of Ghana will continue to clamp down on illegal deposit-taking operations and all offenders shall be dealt with in accordance with
the law,” portions of the statement read.
All customers of Dek-Nock Investments have been urged to remain calm while investigations continue.
The general public and all stakeholders will be kept informed of the next line of action.
“In collaboration with the respective Law Enforcement Agencies, the Bank of Ghana will continue to clamp down on illegal deposit-taking operations, and all offenders shall be dealt with in accordance with
the law,” the statement concluded.
The bank assured the public of its commitment to promoting the integrity and stability of the financial system.