Audio By Carbonatix
The Bank of Ghana has revised upwards the biennial licence renewal fee for Foreign Exchange Bureaux (from GH¢800 to GH¢2,000.
According to a statement, the revision is part of ongoing reforms to strengthen the regulatory oversight of the Bank of Ghana and to ensure the sustainability of operations in the sector.
The revised fee is effective immediately and applies to all licensed FEBs.
The Central Bank said all FEBs are required to renew their licences biennially, no later than two months prior to the expiry date of the existing licence.
This is in accordance with Section 10 of the Foreign Exchange Act, 2006 (Act 723) and Paragraph 8 of Bank of Ghana Notice No. BG/GOV/SEC/2003/2 under the Revised Forex Bureau Regulations.
The Central Bank urged FEBs to contact the Licensing and Approval Office of the Other Financial Institutions Supervision Department of the Bank of Ghana for further clarification.
Latest Stories
-
3rd Republic Bank-JoyNews Habitat Fair Clinic ends on a high note after three days of strong patronage
36 seconds -
Ten climbers missing after avalanche hits Himalayan base camp
37 minutes -
NPP had more permanent fuel relief measures than current GH¢2 diesel cut – Amin Adam
1 hour -
Photos from the 3rd Republic Bank-JoyNews Habitat Fair Clinic
1 hour -
Ethiopia’s army promises restraint amid fears of new civil war
1 hour -
Amin Adam calls for review of fuel taxes as diesel prices remain above GH¢18
2 hours -
World Vision Ghana, Ahafo districts sign MoU for universal WASH coverage
2 hours -
When the gold engine stutters: What Ghana’s Cedi and reserves are telling us about the new economic architecture
3 hours -
Two reportedly die after being trapped in mining pit at Juaboso
3 hours -
Petrosol cleans up Wa Municipal Hospital, to donate medical equipment
3 hours -
‘If NPP was ‘insensitive’ over fuel prices, NDC must accept same description now’ — Amin Adam
3 hours -
KiDi brings the hits to London in sold-out UK headline concert
3 hours -
The last goodbye of Ghanaian shot dead in the US
3 hours -
MCC opens door to Ghana again as MiDA revives development partnership
4 hours -
CSIR moves to turn scientific research into jobs, national growth
4 hours