World Remit money doubling scheme is fraudulent-BoG

The Bank of Ghana (BoG) has cautioned the public against the patronage of the World Remit money doubling scheme.

According to the central bank, the scheme is “fraudulent and does not reward investors as promised.”

A statement issued by the BoG said: “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.”

“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.”

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

Read the full statement below

No photo description available.

By: Rashid Obodai Provencal /

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