BoG shuts down Dek-Nock Investments over illegal deposit-taking

The Bank of Ghana (BoG) in collaboration with the Ghana Police Service has closed down Dek-Nock Investments, a financial institution operating in Nungua and Ashaiman in the Greater Accra Region.

According to a press statement from the central bank, Dek-Nock Investments was engaged in unauthorized deposit-taking contrary to Section 6(1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

The BoG and the Police Service are conducting further investigations into the operations of Dek-Nock Investments, and all customers of the institution are urged to remain calm while investigations continue.

“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 statement said.

The BoG has assured the general public of its commitment to promoting the integrity and stability of the financial system, and warned that 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. 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 added.

The public has been directed to contact the Other Financial Institutions Supervision Department of the Bank of Ghana for any enquiries and further information.

 

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