Ghana's Central Bank Names Eight Money Transfer Companies Operating Without Its

[sirty143]

Ghana's Central Bank Names Eight Money Transfer Companies Operating Without Its Approval

The Bank of Ghana recently pointed the finger at eight money transfer organizations which are allegedly operating in Ghana’s remittances and forex market without its approval. The central bank also warned the public... See more for yourself here.

Your opinion is greatly appreciated.

[rachael9385]

It's a very bad one and very risky for anyone to trade with such MTOs many customers of these above mentioned firm can easily loss their money without traces and should be afraid of the risk that these firms can be shot down at anytime. Sometimes it is very important to know the situation of any monetary firm before joining it. These days nobody jokes with money, the same incident happened with opay in my country because they were working without  license and the innocent customers were at the risk of losing their funds and then I had an account with them I was very scared of losing my money but every parties involved and the government handled the situation careful for the favour of those that already had accounts and now opay is like a bank on it's own operating fully.
People are too quick to invest in every new MTOs sometimes we should be the last even though it has a bonus for first customers sometimes this is the tactics to draw people's attention to these fake firms.

[Themepen]

It's a very bad one and very risky for anyone to trade with such MTOs many customers of these above mentioned firm can easily loss their money without traces and should be afraid of the risk that these firms can be shot down at anytime. Sometimes it is very important to know the situation of any monetary firm before joining it. These days nobody jokes with money, the same incident happened with opay in my country because they were working without  license and the innocent customers were at the risk of losing their funds and then I had an account with them I was very scared of losing my money but every parties involved and the government handled the situation careful for the favour of those that already had accounts and now opay is like a bank on it's own operating fully.
People are too quick to invest in every new MTOs sometimes we should be the last even though it has a bonus for first customers sometimes this is the tactics to draw people's attention to these fake firms.

First of all this is one year old topic but I strongly agree that caution is necessary when dealing with unverified financial companies. They can put our money into risk and may be involved in fraud especially without licenses. Before investing we should research company and checking licenses history and prioritize safety and do not attract to good offers. Opay incident shows importance of government oversight and swift action in protecting customers. However individuals must also take responsibility for their financial decisions by investigate companies and reading reviews of company and also evaluating business practices and seeking expert advice. Ultimately prioritize financial security and make wise decisions to stay safe.