BoG threatens to revoke licenses of nearly 40 forex operators

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The Bank of Ghana (BoG) is threatening sanction against some 38 forex bureaus operating across the country, for various regulatory breaches.

In a strongly-worded April 29 correspondence to the Ghana Association of Forex Bureau, the Central Bank said it had “noted with grave concern the level of regulatory breaches and non-compliance with the directives of the Bank.”

The Bank of Ghana (BoG) is threatening sanction against some 38 forex bureaus operating across the country, for various regulatory breaches.

In a strongly-worded April 29 correspondence to the Ghana Association of Forex Bureau, the Central Bank said it had “noted with grave concern the level of regulatory breaches and non-compliance with the directives of the Bank.”

Those who fail to do so by the stated deadline risk having their forex bureau licenses revoked, it warned.

Source: Ghana | Myjoyonline.com

 

 

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