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The Bank of Ghana is cautioning the general public to wary of a money doubling scheme operating in Ghana under the false name “Worldremit”.

The supposed “Wordremit” is different from the  globally renowned Fintech, WorldRemit” which is in the business of international fund transfers, according to Bank of Ghana.

The Bank of Ghana in a press release stated that, this fraudulent scheme encourages customers to select preferred packages, following which a code
is generated by the fraudsters with which they obtain the WhatsApp accounts
of their victims for spurious purposes.

The statement reads:

Bank of Ghana (BoG) has identified a money doubling scheme operating in Ghana under
the pseudo name “Worldremit”. This fraudulent scheme is distinct from the globally
renowned Fintech, WorldRemit” which is in the business of international fund
transfers.

This scheme encourages customers to select preferred packages, following which a code
is generated by the fraudsters with which they obtain the WhatsApp accounts of their
victims for spurious purposes.

The scheme is fraudulent and does not reward investors as promised.

The general public is cautioned against patronage of this and other similar
unsanctioned schemes. Bank of Ghana states that it has not licensed any entities or
individuals engaged in ‘Money Doubling’.

The general public is therefore advised to take note as follows:

i. Verify with Bank of Ghana or other relevant authorities, the licensing status of
persons or entities prior to depositing funds with them;

ii. Place deposits only with institutions licensed by Bank of Ghana, in order that
they may be accorded the necessary protection offered under the applicable
banking laws; and

iii. Refer to Bank of Ghana’s notice on ‘Money Doubling’ and ‘Card Loading systems’
titled NOTICE NO. BG/GOV/SEC/2020/12, which can be found on the Bank’s
website:
www.bog.gov.gh
The Bank cautions the public not to participate in this illegal and fraudulent activity to
avoid loss of funds.

Any individual or entity that participates in such or similar schemes does so at their
own peril.


The public is advised to report such activities to Bank of Ghana at:

Financial Stability Department

Bank of Ghana

1 Thorpe Road

P. O. Box 2674

Accra, Ghana

Tel.: 030 266 5005; 059 691 2354; 050 150 2270

Email:
complaints.office@bog.gov.gh




(SGD)

SANDRA THOMPSON (MS) 13TH OCTOBER 2021

THE SECRETARY

 

Joshua Narh

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