Ghana Central Bank Suspends FX Licences of GTB, FirstBank Subsidiaries

The Bank of Ghana has suspended the foreign exchange trading licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN) for one month due to various breaches of foreign exchange market regulations.

According to statement, the suspension aimed to ensure compliance and effective controls in their operations.

The Bank of Ghana emphasizes the importance of adhering to forex market regulations and guidelines to maintain integrity and stability in the financial sector.
It urged all foreign exchange market players to strictly comply with the applicable rules to avoid regulatory sanctions and maintain trust in the market.

Leave a Reply

Your email address will not be published. Required fields are marked *