BoG releases list of unapproved money transfer organisations
The Bank of Ghana has cautioned the general public to desist from dealing with unapproved Money Transfer Organisations (MTOs).
In a statement, the BoG said a number of these MTOs operating within the remittance and the Ghana Forex Market were without approval from it.
These organisations include “LEMFI, WISE, TRANSFER GO, XOOM-A PAYPAL SERVICE, SENDWALU, BOSS REVOLUTION, BTC-AZA FINANCE, and SUPERSONIC.”
The BoG, therefore, said, “the Public, Banks, Dedicated Electronic Money Issuers (DEMI), and Enhanced Payment Service Providers (EPSP) are, by this Notice, cautioned to desist from dealing with any of the institutions named above.”
Read below full statement
Disclaimer:
The Views,Comments, Opinions, Contributions and Statements expressed by Readers and Contributors on this website do not necessarily represent the views or policy of Wohonsem.com. Wohonsem.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us.
