The National Association of Financial Market Professionals (ACI Ghana), has assured members of its association and most importantly the general public to keep faith in the forex exchange market, despite the suspension of forex licenses of Fidelity Bank Ghana limited and First National Bank by Bank of Ghana.

According to a statement by the association, an independent committee has been formed to carefully examine the conducts which led to the sanction of the two banks, while it fully acknowledges the regulatory role of the Bank of Ghana in ensuring transparency and the strict compliance of the standards within the financial sector. 

The statement, however, maintained that the suspension of the licenses of the two banks and the repercussion thereof will not apply to the interbank forex market as all other banks continue to operate in full scale.

It further cautioned the general public to seek education from professionals and desist from spreading falsehood especially on social media portals.

This it said will help maintain calm and ensure confidence in the forex market.

ACI Ghana emphasised its commitment to ensuring the highest form of professionalism and ethical standards amongst members.

It further pledged to collaborate with the Bank of Ghana and all stakeholders to maintain a sustainable financial ecosystem.