Sikamaster is committed to maintaining full compliance with lending laws, and the company takes proactive steps on that. Some aspects of our direct non-deposit taking lending business may require some regulation (even as there are no rate-capping laws in Ghana). Sikamaster Loans will satisfy all regulated areas of our business as and when they are added. Sikamaster Loans is rolling out in phases, and currently at a non-deposit-taking, no upfront fee lending phase that does not require regulation.
Sikamaster currently does not accept deposits and will not accept deposits in the near or foreseeable future. Sikamaster Loans is not providing a regulated service to you, so you will not have access to the Bank of Ghana redress if you wish to complain about our service.
Sikamaster Loans is not regulated to provide investment advice to clients.
Tax and Accounting Advice
Sikamaster Loans is not regulated to provide tax and accounting advice to clients.
Sikamaster complies with all tax obligations (funding sources and allowable expenses).
Sikamaster Loans is not regulated to provide legal advice to clients.
Sikamaster Loans does not take deposits. Sikamaster Loans is not licensed to take deposits. Sikamaster Loans has no intentions of taking deposits now or in the near future.
Loan repayments are not deposits.
Sikamaster Loans is not providing a regulated service to you, so you will not have access to any Bank of Ghana Redress Service if you wish to complain about our service - that is if there is/was ever any protection for borrowers borrowing from non-deposit taking lender and when there are no usury laws in the books of The Republic of Ghana.
The option of being regulated in the near future is to have access to certain vital national databases integral to our business model, operative model and strategic customer acquisition model, and NOT a step to take or mobilise deposits.
Regulatory & Compliance Team Contacts:
Please direct all enquiries to the group's centralised in-house team here.