Bank of Ghana Suspends Forex License for GTB and FBN Due to Breaches

Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN) have had their foreign exchange trading licenses stopped by the Bank of Ghana (BoG) with effect from March 18, 2024, for a month. Act 723, the Foreign Exchange Act of 2006, has this provision in Section 11(2). As stated in a statement, the Central … Continue reading Bank of Ghana Suspends Forex License for GTB and FBN Due to Breaches