The Bank of Ghana (BoG) has warned the public against a supposed money-doubling scheme, “Worldremit” operating in Ghana.

The Central bank in a statement explained that the fraudulent 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.

But the BoG in its statement flagged the activities of the entity as illegal and fraudulent saying any individual or entity that participates in such or similar schemes does so at their own peril.

“This fraudulent scheme is distinct from the globally renowned Fintech, “’WorldRemit’ which is in the business of international fund transfers,” the Central bank cautioned.

It reiterated that it has not licensed any entity or individual to undertake money doubling in the country.

BoG statement

Source: Ghana/ Fm