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Hot Fm Ghana > Business > Bank of Ghana shuts down Dek-Nock Investments for operating without license
BusinessNewsTop stories

Bank of Ghana shuts down Dek-Nock Investments for operating without license

Micheal N C Botchway
By Micheal N C Botchway
Published: July 19, 2024
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Bank of Ghana
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The Bank of Ghana, in collaboration with the Ghana Police Service, has closed down Dek-Nock Investments in Nungua and Ashaiman, Greater Accra Region, for operating without a license.

This action aligns with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

A statement from the Central Bank revealed that Dek-Nock Investments was engaged in unauthorized deposit-taking, violating Section 6(1) of Act 930.

The Ghana Police Service is currently conducting further investigations into the company’s operations.

“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.

The Bank of Ghana emphasized its ongoing efforts to clamp down on illegal deposit-taking activities in collaboration with law enforcement agencies. “All offenders shall be dealt with in accordance with the law,” the statement concluded.

The Bank assures the public of its commitment to maintaining the integrity and stability of the financial system.

 

Read the full statement below:

 

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