Business News of Thu, 5 Apr 20182

BoG cautions public against Wyselink Microfinance Limited

The Bank of Ghana (BoG) is cautioning the general public to desist from engaging in any financial transaction with Wyselink Microfinance Limited.

According to the central bank, the company, which was engaged in deposit taking, is doing so without a licence from the Bank of Ghana.

“Wyselink Microfinance Limited was operating with a forged Bank of Ghana licence number 000267 purported to have been issued on 30th October 2013, as well as a Certificate of Incorporation and Certificate to Commence Business, both issued on 20th March, 2009,” a statement from the BoG copied to Citi Business News said.

It pointed out that the operations of the entity have since been closed down and the Bank of Ghana has reported the matter to the Ghana Police Service.

“The operators are assisting the Police with their investigations,” thec statement added.

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The Offices of Wyselink Microfinance Limited were located in Takoradi, Assin Fosu, Ofankor and Dobro.

The owner of Wyselink Microfinance Limited is Rev. Eric Nhyira Baafi.

Other key officers of the entity are Messrs Isaac Fiifi Morgan, Director, Mr. Eugene Amankwah Asante, Operations Manager and Mr. Michael Annan, Head of Accounts.

Wyselink Microfinance Limited is not licensed to engage in microfinance business.

The statement warned that “anyone who does business with Wyselink Microfinance Limited, does so at his or her own risk and the Bank of Ghana will not be liable for the refund of any deposit lost by a depositor”.

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