The Bank of Ghana (BoG) on Thursday, October 27, 2022, revoked the licenses of two forex bureaus in Accra. Airport City Forex Bureau and Trade House Forex Bureau Ltd were the affected forex bureaus. According to the Head of Other Financial Institutions Supervision Department of the Central Bank, Yaw Sarpong, the two …
Read More »Saving the cedi: BoG steps up vigilance on forex bureaus
The Bank of Ghana has sounded a strong warning to forex bureaus operating in the country, that any breach of the regulations under which they work will result in their closure or severe sanctions against them. The move is to stop all deliberate market practices that are fuelling the cedi’s fast depreciation, …
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