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
-
Kwadwo Opoku announces arrival in Greece with debut brace
4 minutes -
Kurt Okraku vs Kwame Nkrumah: Time is the author of legacy
6 minutes -
Post-results school selection policy caused placement crisis – Kingsley Agyemang
6 minutes -
Chalé Day mixer sets tone for bigger December celebration
9 minutes -
Executive Women Network celebrates a decade of leadership, sets sights on next generation of impact
15 minutes -
“I’m happy to have scored” – Ernest Nuamah ends long Ligue 1 goal drought
19 minutes -
52-year-old spiritualist and farmer found dead at Assin Amoabeng
20 minutes -
Tensions rise at GNAT hall as parents seek solutions to CSSPS challenges
21 minutes -
Belgian FA still wants Balogun ban answers
27 minutes -
This could be year I win Ballon d’Or, says Mbappe
33 minutes -
GEA and UNIDO celebrate enterprise excellence and productivity at 3rd National Kaizen Awards
38 minutes -
Over 300,000 candidates chose Category A schools despite 76,417 vacancies – Education Ministry
39 minutes -
Sarkodie urges SarkNation to reject toxic fan wars
40 minutes -
Ghana Jazz Orchestra cooks tasty fare at launch
59 minutes -
Jerry Aye: The life & times of Robert Mugabe
1 hour