Police and BoG shut down Dek-Nock Investments for unauthorized deposit-taking activities

The Ghana Police Service, in collaboration with the Bank of Ghana, has shut down the operations of Dek-Nock Investments, which has branches in Nungua and Ashaiman within the Greater Accra Region.

The action which took place on Friday, July 19, 2024, is in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

In a statement issued by the Central Bank, it explained that Dek-Nock Investments was found to be engaged in unauthorized deposit-taking, which is a violation of Section 6(1) of Act 930.

“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 read.

The apex bank also informed the general public and stakeholders that they will be kept informed of the next steps.

The Bank of Ghana reiterated its commitment to cracking down on illegal deposit-taking activities and stated that individuals found guilty of violating the law will face the necessary sanctions as stipulated by law.





MA/NOQ