More than 420 individuals working for loan apps have been taken into police custody.
The Bank of Ghana (BOG), the Economic and Organized Crime Office (EOCO), and the Cyber Security Authority coordinated their efforts to carry out a well-planned operation that resulted in the capture of the suspects.
Authorities launched raids on numerous alleged owners of digital lending applications, often known as loan apps, in the Greater Accra Region as part of this coordinated operation.
The people behind these apps engage in a variety of illegal acts, including cyberbullying, extortion, the unauthorized use of data and privacy, and, in the most extreme situations, issuing death threats.
In a statement issued by the authority, it was stated, “The three collaborating institutions carried out a targeted operation in the early hours of Monday, July 10, 2023, as part of a joint effort by the Cybersecurity Committee, resulting in the arrest of more than 420 suspects.