Scam Alert: Ecobank Won’t Disburse Online Loans Against Deposit | business news

Management at Ecobank Ghana is warning its many loyal customers and the general public to ignore fraudulent commercials aired on free-to-air TV channels Diamond and Soul selling online loans on behalf of the bank.

Ms. Rita Nana Aba Tsegah, Regional Head, Corporate Communications & Marketing Ghana and Anglophone West Africa (AWA) Cluster, said in a copied press release to that Ecobank Ghana did not sponsor the ad, which required a 200 GHC deposit to view to qualify for a loan amount between GHC1,000 and GHC50,000.

“The fraudulent ads feature the Ecobank logo prominently next to a picture of the bank’s CEO. Ecobank would like to emphasize that the mentioned advertisements are not sponsored by the bank.

The Ecobank press release reiterated that Ecobank Ghana does not offer such a product as was claimed by the scammers in the advertisement.

The press release added that by its very nature, Ecobank Ghana would under no circumstances ask customers to make down payments before disbursing loans.

Source: Josephine Acheampomaa/

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