BoG shuts down Wyselink Microfinance

The Central Bank
Bank of Ghana

The Bank of Ghana has cautioned the public against engaging in any financial transaction with a microfinance company by name Wyselink Microfinance Limited.

The company, with offices in Takoradi, Assin Fosu, Ofankor and Dobro, is alleged to be have been operating with a forged operating license and other business permits.

The company, according to a release from the central bank, has been closed down and the matter reported to the Ghana Police Service for further action.

“Wyselink Microfinance Limited is not licensed to engage in microfinance business, hence, anyone who does business with the company does so at his or her own risk. The Bank of Ghana will not be liable for the refund of any deposit lost by the depositor,” a statement signed by its secretary, Caroline Otoo, indicated.

Wyselink is owned by Rev. Eric Nhyira Baafi. Other key officers of the entity are Messrs Isaac Fiifi Morgan, Director, Mr. Eugene Amankwah Asante, Operations Manager and Mr. Michael Annan, Head of Accounts.

According to the release, operators of the company are assisting the Police with their investigations.

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