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We are committed to promoting the integrity, stability of Ghana’s financial system – BoG

The Bank of Ghana (BoG) has reaffirmed its commitment to maintaining the integrity and stability of the financial system.

The central bank announced that it will continue to work closely with law enforcement agencies to target illegal deposit-taking activities, ensuring that those involved are prosecuted under the law.

This assurance follows the recent closure of Dek-Nock Investments by the Ghana Police Service, in collaboration with the Bank of Ghana.

Effective July 19, the business, which operated in Nungua and Ashaiman in the Greater Accra Region, was shut down for unauthorized deposit-taking, a violation of Section 6(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

The Bank of Ghana confirmed that investigations into Dek-Nock Investments are ongoing.

Customers of the company have been advised to stay calm while the situation is resolved, and the public will be updated on further actions as they occur.

“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.

“The Bank assures the general public of its commitment to promoting the integrity and stability of the financial system,” the statement said.

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