Audio By Carbonatix
The Bank of Ghana (BoG) has fined Fidelity Bank Ghana Limited and First National Bank Ghana Limited a combined 1000 penalty points each for breaching sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct rules.
In addition, the Central Bank has suspended the respective forex licences of the banks from June 29, 2023 to July 28, 2023.
“By this notice, we caution forex market players including banks, forex bureaus, forex brokers, and money transfer operators (MTOs) to adhere strictly to the applicable forex market regulations and guidelines,” a statement from the BoG said.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Asempa FM RTI request reveals previous Gold-for-Reserve programme losses, 2025 figures outstanding
5 minutes -
Police recruitment underway in Greater Accra with documentation and body Checks
10 minutes -
BoG Governor urges unified national action to reform gold sector and halt economic losses
29 minutes -
Wendy Shay wins Best Female Artiste Western Africa at 2025 AFRIMA
29 minutes -
NPP Karaga delegates endorse Bawumia massively as hundreds turn up to receive him
36 minutes -
Sarkodie wasn’t aware Ebo Noah would be at 2025 Rapperholic – DJ Mensah
37 minutes -
Passenger arrivals at airport drop marginally in 9-months of 2025, but container traffic at habours up 20.6% – BoG
38 minutes -
Water crisis in Teshie enclave worsens as desalination plant remains shut over debts
46 minutes -
Implications of US withdrawal from Global Climate Treaties for Ghana and Africa
46 minutes -
KATH forced to detain patients over unpaid bills amid rising cost pressures
51 minutes -
Underground Mining Alliance awards GH¢504m in scholarships to 57 students, apprentices in Ahafo Region
52 minutes -
Construction sector activities declined by 4% in quarter 3, 2025 – BoG
54 minutes -
Prince Amoako Jnr set to wear iconic No.10 jersey at FC Nordsjaelland
56 minutes -
Deposit mobilisation strategy strengthens NIB PLC’s financial performance
58 minutes -
Manufacturing sector activities improved in 9-months of 2025; direct taxes collected increased by 18%
1 hour