{"id":347829,"date":"2017-08-24T19:05:07","date_gmt":"2017-08-24T19:05:07","guid":{"rendered":"http:\/\/citifmonline.com\/?p=347829"},"modified":"2017-11-10T10:42:29","modified_gmt":"2017-11-10T10:42:29","slug":"bog-cautions-public-against-online-scheme-monidoubla","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/bog-cautions-public-against-online-scheme-monidoubla\/","title":{"rendered":"BoG cautions public against online scheme \u2018MONIDOUBLA\u2019"},"content":{"rendered":"<p>The Bank of Ghana has cautioned the public to stay away from doing any business with the online financial scheme; MONIDOUBLA.<\/p>\n<p>The said entity\u2019s operations involve mobilizing funds and making payments to its community members via mobile money platforms.<\/p>\n<p>The central bank in a statement copied to\u00a0<strong>Citi Business News<\/strong>\u00a0on Thursday said that MONIDOUBLA is not licensed to engage in any form of deposit-taking business.<\/p>\n<p>\u201cThe Bank of Ghana wishes to inform the general public that MONIDOUBLA is NOT LICENSED by the BANK to engage in any form of deposit-taking business.\u201d<\/p>\n<p>\u201cHence, anyone who does business with MONIDOUBLA does so at his or her own risk.\u201d<\/p>\n<p>Also, the central bank\u2019s maintains that its investigations indicate that online scheme is flouting the provisions of the Banks and Specialized Deposit-Taking Institutions Act and also threatens the safety and soundness of the financial system.<\/p>\n<p>\u201cThe entity\u2019s operations are contrary to section 6(1) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930), and also threatens the safety and soundness of the financial system.\u201d<\/p>\n<p>&#8211;<\/p>\n<p>By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Ghana has cautioned the public to stay away from doing any business with the online financial scheme; MONIDOUBLA. The said entity\u2019s operations involve mobilizing funds and making payments to its community members via mobile money platforms. The central bank in a statement copied to\u00a0Citi Business News\u00a0on Thursday said that MONIDOUBLA is not [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BoG cautions public against online scheme \u2018MONIDOUBLA\u2019 - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/08\/bog-cautions-public-against-online-scheme-monidoubla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG cautions public against online scheme \u2018MONIDOUBLA\u2019 - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Bank of Ghana has cautioned the public to stay away from doing any business with the online financial scheme; MONIDOUBLA. The said entity\u2019s operations involve mobilizing funds and making payments to its community members via mobile money platforms. 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