Image: Bank of Ghana [Photo credit: Kenneth Awotwe Darko]
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The Bank of Ghana (BoG) has commenced an audit of remittance activities covering the fourth quarter of last year, from October 1 to December 31, 2024.
This was announced in an official notice issued by the Central Bank today.
According to the BoG, the audit aims to assess the remittance process, recommend improvements to the existing regulatory framework, and ensure full compliance with all relevant regulations, including the Foreign Exchange Act, 2006 (Act 723).
The Bank emphasized that all market participants are required to fully adhere to these regulatory obligations, underscoring its commitment to promoting transparency, efficiency, and integrity within Ghana’s financial ecosystem.
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