FBNBank Ghana has affirmed its collaboration with the Bank of Ghana to identify and rectify the issues that led to the suspension of its forex trading license by the central bank.
On Monday, the Bank of Ghana announced the suspension of the Foreign Exchange Trading Licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN), effective from March 18, 2024, for a duration of one month, as per section 11 (2) of the Foreign Exchange Act 2006 (Act 723).
The Central Bank, in a statement, clarified that the decision was prompted by various violations of foreign exchange market regulations, including fraudulent documentation in their foreign exchange operations.
In response, FBNBank Ghana released a statement on March 5, 2024, reiterating its commitment to maintaining high ethical standards.
The bank also assured its customers that during the suspension period, its other business segments and solutions would remain fully operational.
This encompasses branch operations, agent banking partners, and various channels to ensure seamless banking services.
Latest Stories
-
2 dead after taxi rams into truck on Juapong road
7 mins -
Cold lava sweeps villages near volcano, killing 37
9 mins -
Man behind viral ‘dress that broke the internet’ confesses to strangling his wife
21 mins -
Nigerian arrested for posting obscene images of 4-year-old daughter
26 mins -
Election 2024: ‘We should make sure our democracy is saved’ – Asantehene
35 mins -
‘Reclamation of environment from ravages of galamsey must be our top priority’ – Asantehene
55 mins -
South Africa: The volunteer crime fighters using whistles and whips
1 hour -
Children killed as bomb falls near Sudan hospital – MSF
2 hours -
Ga Traditional Council disrupts church for flouting ban on noise-making
2 hours -
Shonda Rhimes explains why ‘Bridgerton’ season 3 took so long
3 hours -
Mbappe scored in final home game but PSG beaten
3 hours -
Ga culture on display at Manhyia Palace
3 hours -
AMVCA: Bread of Life wins big, GH Queens takes home award; see full list of winners
3 hours -
NDC MPs oppose appointment of NPP parliamentary candidate as NIB’s new MD
5 hours -
Rheumatologist sheds light on hidden challenges persons living with lupus face
6 hours