BoG shuts down Dek-Nock Investments for engaging in deposit-taking without license

The Bank of Ghana (BoG) working together with the Ghana Police Service has shut down Dek-Nock Investments.

The investment firm located at Nungua and Ashaiman in the Greater Accra Region has been closed down for engaging in deposit-taking without a license.

This has been confirmed by a press release issued by the Central Bank today Friday.

“The Ghana Police Service, in collaboration with the Bank of Ghana, has effective today, closed down Dek-Nock Investments, located at Nungua and Ashaiman in the Greater Accra Region, in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

“Dek-Nock Investments was engaged in unauthorised deposit-taking contrary to Section 6(1) of Act 930,” the release from BoG signed by its Secretary, Ms. Sandra Thompson said on Friday, July 19.

The release further indicated that the Ghana Police Service is conducting further investigations into the operations of Dek-Nock Investments.

It also urged all customers of Dek-Nock Investments to remain calm while investigations continue.

In an assurance, the Bank of Ghana has stressed that it will collaborate with respective Law Enforcement Agencies to clamp down on illegal deposit-taking operations and 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,” the release added.