The Bank of Ghana, BoG has fined the First National Bank and Fidelity Bank a combined 1000 penalty points in sections 3.4, 3.5 and 3.9 of the Ghana Interbank Forex Market Conduct rules.
In addition, the Bank has suspended the respective forex licences of the above-mentioned banks from June 29 2023 to July 28 2023.
In a statement signed by Secretary, Madam Sandra Thompson, the BoG has cautioned forex market players including banks, forex bureaus, forex brokers and money transfer operators to adhere strictly to applicable forex market regulations and guidelines
Author : Bernard Asigbe
