World Remit money doubling scheme is fraudulent, says BoG

The Bank of Ghana (BoG) says it has not licensed any entities or individuals engaged in money doubling

Joseph Appiah-Dolphyne October 14, 2021

5,542

The Bank of Ghana (BoG) has cautioned against the patronage of World Remit money doubling scheme describing the scheme as “fraudulent and does not reward investors as promised.”

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

“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 statement added, “Bank of Ghana states that it has not licensed any entities or individuals engaged in money doubling.”