Bank of Ghana (BoG) has cautioned Ghanaians noting that it has identified a money doubling scheme operating in Ghana under the pseudo name “Worldremit”.

According to the Bank of Ghana (BoG), this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” 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.

“The scheme is fraudulent and does not reward investors as promised. The general public is cautioned against patronage of this and other similar unsanctioned schemes.”
BoG

Bank of Ghana iterated that it has not licensed any entities or individuals engaged in ‘Money Doubling’.

The Central Bank further urged Ghanaians to block any unauthorized and unfamiliar individuals who contact them in the name of an investment scheme.

People Online Who are Money Greedy

Reacting to the statement by the Bank of Ghana, Cyber Crime fighter, David Gyedu popularly known as DK Cyber, also cautioned Ghanaians against “Worldremit” scams affecting people online who are money greedy.

According to the Cyber Crime fighter, the public should take note that there is no machine which doubles money for any person or an organisation in the world.

DK Cyber explained that world remittance lets you send money abroad with a Smartphone, tablet or computer to family or anyone in another country. He emphasized that when migrants send home part of their earnings in the form of either cash or goods to support their families, these transfers are known as workers’ or migrant.

“We are facing fraudulent attempts to impersonate brands online in our current modern era, so Ghanaians should be extra careful when operating social media platforms such as Whatsapp, Instagram, Facebook etc.”
David Gyedu

David Gyedu again advised Ghanaians especially those who are greedy for money to be cautious with such offers online, and cautioned that once your money is smartly taken by them the victim can no longer access it.

Meanwhile, the issue of scam and money doubling investments are on the rise in the country.

Recently, the Bank of Ghana (BoG) has warned the general public against a new money doubling scheme called ‘BitCash Currency Exchange’, noting that it is not only illegal, but also a fraudulent scheme designed to dupe unsuspecting Ghanaians.

Again, the Bank of Ghana (BoG) also warned the general public against a new crypto currency investment scheme called ‘SIDICOIN’, noting that it does not have any approval from the Central Bank, therefore it is illegal.

In a statement issued by the Financial Stability Department of Bank of Ghana, the Central Bank dismissed ever granting license to ‘SIDICOIN’ or any other crypto currency platform, contrary to the widely circulated claims that it has an approval from the Central Bank.