Bank of Ghana shuts down Dek-Nock investments

The Bank of Ghana (BoG) has announced the closure of Dek-Nock Investments, an investment firm operating in Nungua and Ashaiman in the Greater Accra region, under Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930). The closure comes as a result of Dek-Nock’s engagement in unauthorized deposit-taking activities, which violates Section 6(1) of Act 930.

In a statement, the BoG confirmed that the Ghana Police Service has shut down Dek-Nock Investments and is conducting further investigations into the firm’s operations. The BoG urged all customers of Dek-Nock Investments to remain calm as the investigation proceeds.

“The Ghana Police Service has closed down Dek-Nock Investments and is conducting further investigations into their operations. We urge all customers of Dek-Nock Investments to remain calm during this period,” the statement read.

The BoG assured the general public and stakeholders that they would be kept informed about the next steps in this case. The central bank reiterated its commitment to working with law enforcement agencies to crack down on illegal deposit-taking operations and ensure that offenders are dealt with according to the law.

“In collaboration with the respective Law Enforcement Agencies, the Bank of Ghana will continue 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 BoG stated.

The closure of Dek-Nock Investments is part of the BoG’s ongoing efforts to maintain the integrity and stability of Ghana’s financial system by eliminating unauthorized and illegal financial activities.