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BoG shuts down Dek-Nock Investments for operating without licence

The Bank of Ghana 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.

Andy Frimpong Manso by Andy Frimpong Manso
July 19, 2024
in Business, Business, General, Lead story, Local News, News, Review, Top Stories
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BoG shuts down Dek-Nock Investments for operating without licence
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The Bank of Ghana 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.

The Central bank in a statement dated Friday, July 19 indicated that, the closure is in accordance with Section 20 (2) (g) of the Banks and Specialized Deposit-taking Institutions Act, 2016 (Act 930), thus, urge customers to remain calm as the Ghana Police Service is investigating into the matter.

“Dek-Nock Investments was engaged in unauthorized 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”, the statement read.

BoG further noted that, it would join hands together with respective law enforcement to take actions to eradicate illegal deposit-taking operations.

“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 added.

Tags: Bank of GhanaDek-Nock InvestmentsGhana Police ServiceSpecialised Deposit-taking Institutions Act




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