Are you tired of being exploited by online lending platforms? Well, we have some good news for you! The Bank of Ghana is stepping in to regulate digital lending with new guidelines that are set to be issued by August 2025.
The Governor of the Bank of Ghana, Dr. Johnson Asiama, announced this initiative in Accra on Thursday. The aim of these guidelines is to protect the public from being taken advantage of by online lending platforms that lure in individuals with promises of easy money, only to trap them in cycles of hidden fees and harassment.
This intervention couldn’t come at a more crucial time, as concerns about the exploitation of Ghanaians, especially young people and informal workers, have been on the rise. Many have fallen victim to predatory practices of online lenders, which often result in financial ruin and stress.
With the new guidelines in place, individuals can have peace of mind knowing that their interests are being protected by the Bank of Ghana. So, the next time you consider taking out a loan online, you can rest assured that you won’t fall prey to unscrupulous lending practices.
Stay tuned for more updates on the Bank of Ghana’s efforts to regulate digital lending and protect the public from exploitation. Let’s work together to ensure a fair and transparent lending environment for all
Ghanaflare.com
