Audio By Carbonatix
Zeepay Ghana Limited has incurred a fine from the Bank of Ghana for its alleged failure to utilise the average interbank exchange rate provided by the Ghana Association of Banks and the Bank of Ghana during the conversion of settlement funds into the local currency.
Its forex license has consequently been suspended, albeit temporarily, from November to December.
The Central Bank issued a statement on Monday, November 20, to confirm this development.
“Further, the Bank has suspended the Forex Licence of Zeepay Ghana Limited from 27th November 2023 to 8th December 2023, for violation of sections 3(1) and 15 (3) of the Foreign Exchange Act, 2006 (Act 723).”
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
-
Global market pressure behind COCOBOD pay cuts — Sam Jerome
11 minutes -
It will take Kotoko 100 years to overcome hindrances – Owusu Bempah
18 minutes -
When Parents Defend Indiscipline: Ghana’s silent parenting crisis and the future of our schools
21 minutes -
Strengthening Ghana’s Health Institutions: Why Governance Matters for quality patient care
21 minutes -
Black Stars secure third pre-World Cup friendly against Mexico in May
31 minutes -
Ministry of Foreign Affairs – Ghana Post Partnership: A paradigm of gov’t–public company collaboration in service delivery
32 minutes -
Today’s Front pages: Thursday, February 18, 2026
32 minutes -
Princess Osisiadan-Quaye: A proven force for growing health insurance in Ghana
40 minutes -
ICU, GAWU support cocoa reforms but kick against pay reductions
52 minutes -
Russian Sexcapade or Ghanaian hypocrisy? Who’s truly endangering our nation?
53 minutes -
Restore old cocoa price – Kojo Oppong Nkrumah tells Mahama
58 minutes -
Gold fever hits South Africa after lucky find in cattle pen
1 hour -
Gov’t pays GH¢10bn in DDEP interest, signals strong fiscal health
2 hours -
Muslims begin Ramadan, embrace month of reflection and fasting
2 hours -
SSNIT to offer pensioners discounts under new loyalty programme
2 hours