In a joint operation on July 19, 2024, the Ghana Police Service and the Bank of Ghana (BoG) closed Dek-Nock Investments, a company operating in Nungua and Ashaiman in the Greater Accra Region. The action was taken in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).
The Bank of Ghana released a statement explaining that Dek-Nock Investments was engaged in unauthorized deposit-taking activities, which is contrary to Section 6(1) of Act 930. This breach of financial regulations prompted the swift action by the authorities.
The Ghana Police Service is now conducting further investigations into the operations of Dek-Nock Investments to determine the full extent of the company’s activities and any potential legal violations.
Considering this development, the Bank of Ghana has advised all customers of Dek-Nock Investments to remain calm while the investigations are ongoing. The central bank has assured the public that all stakeholders will be kept informed about the next steps as the situation unfolds.
This regulatory action underscores the ongoing efforts by Ghanaian authorities to maintain the integrity of the financial sector and protect consumers from unauthorized financial operations. It serves as a reminder for the public to exercise caution and verify the licensing status of financial institutions before engaging in any transactions.
As the investigation progresses, customers of Dek-Nock Investments and the public are advised to stay tuned for further updates from the Bank of Ghana and the Ghana Police Service regarding this matter.
Source:myjoyonline.com
