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Bank of Ghana closes down Dek-Nock Investments for illegal deposit-taking

The Ghana Police Service, in collaboration with the Bank of Ghana, has effective today, Friday July 19 closed down Dek-Nock Investments, located at Nungua and Ashaiman in the Greater Accra Region, in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

Dek-Nock Investments was engaged in unauthorised deposit-taking contrary to Section 6(1) of Act 930, according to the Bank of Ghana.

The Ghana Police Service is conducting further investigations into the operations of Dek-Nock Investments, the central bank said in a statement.

“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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