BoG shuts down Dek-Nock Investments for operating without license

Dek-Nock Investments, a company located at Nungua and Ashaiman in the Greater Accra Region, has been closed down by the Bank of Ghana (BoG) and the Ghana Police Service, for operating without a license.

The closure is in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

A statement by the BoG Friday, July 19, 2024, disclosed that Dek-Nock Investments was engaged in unauthorised deposit-taking contrary to Section 6(1) of Act 930.

The statement disclosed that the Ghana Police Service is conducting further investigations into the operations of the firm whilst urging its customers to remain calm.

“Dek-Nock Investments was engaged in unauthorised deposit-taking contrary to Section 6(1) of Act 930. The Ghana Police Service is conducting further investigations into the operations of Dek-Nock Investments. 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 statement further disclosed that the central bank was going to clamp down on all institutions in the finance sector who are operating without licenses.

“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 statement concluded.

Source:onuaonline.com