• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 19, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Vaultz Business

DPC Cautions Public Against Fraudulent Online Lending Applications

Maynard Championby Maynard Champion
June 12, 2023
Reading Time: 4 mins read
Add as Preferred on Google
DPC Cautions Public Against Fraudulent Online Lending Applications

Patricia Adusei-Poku, the executive director of the Commission

The widespread misuse of personal data has led to the Data Protection Commission (DPC) issuing a warning note to the public about unauthorized online lending applications (apps).

Patricia Adusei-Poku, the executive director of the Commission, in a statement disclosed that her outfit has received many complaints from users of illegal online money lending programs about violations of their privacy and personal data rights.

“Digital loan services have become an increasingly easy-to-go-to avenue for people to access credit, as many are unable or ineligible to secure loans through traditional providers such as the banks. But in recent times, the Data Protection Commission has received tons of complaints regarding the harassment and debt shaming approaches these online digital loan services are using to deal with defaulters.

“Our background checks have established that these online loan applications are unlicensed and therefore have no authorization to operate,”

Patricia Adusei-Poku

The DPC explained that upon installation, digital lending apps need to have access to users’ private information, such as their contacts, text messages, location, and calendar. It stands to reason that the data gathered would be used to screen users’ behavior and determine their eligibility for loans.

However, it bemoaned complaints from borrowers which indicated that the data collected is to debt shame when these borrowers’ default in payment.

ADVERTISEMENT

Other complaints revealed that loan administrators continued to violate borrowers’ private rights even in the event of complete repayment by using the data in their possession.

“Unfortunately, these apps remain largely unchecked and have continued in their operations causing distress, defaming borrowers and violating the privacy of individuals.

“Some notions coming out earlier had indicated that google had pulled down these loan apps from the google play store but our checks have proved that to be an untrue statement. The apps are fully operational and available to be installed by the public.”

DPC statement
Patrico
Patricia Adusei-Poku

DPC Collaborates With BoG, National Cyber Security To Detect Unauthorized Online Banking App

According to the statement, the numerous complaints that have been sent to the Data Protection Commission over the years illustrate the uproar that these apps have brought upon the nation.

 “We have also assessed a few privacy notices of these apps which complicate their mode of operation as they do not show any accountability to their clients in terms of how their data is going to be used in actual fact.

“We have looked at the privacy policies of these apps and have determined the below mentioned apps have and continue to process individuals’ personal data in a manner that is not consistent with the provisions of the Act, and they are: Ficashx; popcash; kudicredit; Cocoaloan; Popcash; smartmoney; sikapurse; Easy Loan; SoftKash; Boseafie Loans;  Fourcredy; Sika dua; Creditbay; Creditlab; Akwaaba Cash; and MomCash. Others are: Ultra Loans; Onloans; Loan Pro; Cedi Story; Machloan; Loan Galaxy; and Pro Kash.”

DPC Statement

These loan apps, as communicated by DPC, have breached and continue to breach the Data Protection Act in several ways primarily as they are not registered with the Data Protection Commission as stipulated in section (46) 3 of Act 843.

“We continue to encourage data subjects who have fallen victim to submit their complaints. The Commission is ever ready to assist the police with their investigations as we have already handed over valid documents and filed complaints from Data Subjects that evidence the unlawful ways of operations of these apps.

“We call on the Cyber security unit of the Bank of Ghana, the National Cyber Security Authority and all other relevant agencies to rally efforts in fishing out the location of operation of these loan apps and apprehend these illegal data controllers to cease their operations.”

DPC Statement

It concluded that: “We also call on the public to stay alert and refrain from downloading apps that request access to their personal and private space. We also encourage individuals to take time to read the contracts they enter to make sure their privacy is not infringed”.

Read also: NEIP Supports 30 Entrepreneurship, Innovative SMEs With US$4million

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Bank of GhanaData Protection Commission (DPC)online lending applications (apps)Patricia Adusei-Pokuthe National Cyber Security Authority
Please login to join discussion
Previous Post

Fuel Subsidy Suspension Will Save Nigeria, Tinubu Explains

Next Post

Ghana Has No Import Substitution Policy To Ensure Cap On Imported Goods- CPP

Related Posts

President Mahama Paid a Working Visit to Bright International Zone
Vaultz Business

Mahama Assures Investors of Industrial Support

October 19, 2026
Participants in a Group Picture After the Adwumawura Programme
Vaultz Business

Adwumawura Links Entrepreneurs to Business Regulators

October 18, 2026
Professor Ransford Edward Gyampo, CEO of Ghana Shippers Authority
Vaultz Business

Ghana to Host Landmark UN Trade Convention

October 16, 2026
The CEO of Ghana Enterprise Agency, Ms Margaret Ansei During the Signing of the MoU with the SanlanAllianz Ghana Insurance
Vaultz Business

GEA, SanlamAllianz Partner to Protect MSMEs

October 16, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Lalid, Musician

Lalid Accused of Assaulting Artist After Cover Art Theft

October 19, 2026
Head, Public Relations Officer for the Ghana Education Service (GES), Daniel Fenyi

Government Must Be Commended for Resolving Teachers’ Demands

October 19, 2026
Minister for Energy and Green Transition, Dr John Abdulai Jinapor at AEW 2026

Jinapor Courts Energy Investors as Ghana Faces Delivery Test

October 19, 2026
Hilda Mensah, Child Lawyer, Child protection Specialits, UNICEF

Culture of Victim Blaming Why Girls Face Sexual Abuse – Mensah

October 19, 2026
BHIM FEST

Stonebwoy Set to Announce ‘BHIMFEST 26’ Date This Week

October 19, 2026
ADVERTISEMENT
Next Post
General Secretary of the Convention People’s Party (CPP), Nana Yaa Akyempim Jantuah.

Ghana Has No Import Substitution Policy To Ensure Cap On Imported Goods- CPP

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Ok

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.