Fraud Alert: Ecobank Does Not Disburse Online Loans Against Advances | Economic news

Ecobank Ghana management is warning its many loyal customers and the general public to disregard fraudulent advertisements aired on free-to-air Diamond and Soul TV channels selling loans online in the name of the bank.

Ms. Rita Nana Aba Tsegah, Regional Manager, Corporate Communications & Marketing Ghana and Anglophone West Africa (AWA) Cluster in a press release copied to said Ecobank Ghana did not sponsor the advertisement which required a down payment of GHC200 to qualify for a loan amount between GHC1,000 and GHC50,000.

“The fraudulent advertisements boldly display the Ecobank logo next to a photo of the bank’s chief executive. Ecobank would like to point out that these advertisements are not sponsored by the bank.

Ecobank’s press release reiterated that Ecobank Ghana does not offer a product as claimed by the fraudsters in the advertisements.

The statement added that Ecobank Ghana, by its very nature, will under no circumstances require customers to make advance payments prior to disbursement of loans.

Source: Josephine Acheampomaa/

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