Tag: Foreign Exchange
Saving the Local Currency: A Call for Compliance and Reform in Foreign Exchange Practices
Charles Kwesi Mensah advocates forex law compliance and exporter reform to strengthen…
Ghana’s Cocoa Sector Faces FX Shock Without Urgent Reforms, Dutch Envoy Warns
Ghana’s cocoa sector risks losing foreign exchange earnings due to declining production…
Over-the-Counter Withdrawals Allowed for Forex Account Holders – BoG
Bank of Ghana confirms over-the-counter foreign currency withdrawals remain allowed under existing…
BoG to Auction $120 Million to Bulk Oil Distributors in Q2 2025
The Bank of Ghana (BoG) has announced plans to auction $120 million…
BoG Governor Dismisses Fears That New Foreign Exchange Act Will Introduce Fixed Forex Regime
BoG Governor Dr. Johnson Asiama reassures that the new Foreign Exchange Act…
Gambia’s Remittances Rival Tourism as Key Source of Foreign Exchange
Gambia's remittances rose 4% to $776 million in 2024, rivaling tourism as…
CBG Resumes Foreign Exchange Transactions Following BoG Suspension
CBG resumes foreign exchange transactions after a month-long suspension by the Bank…
BoG Clamps Down On Forex Trading Breaches-As CBG Suffers Licence Suspension for Violations
Customers who rely on Consolidated Bank Ghana (CBG) for their forex exchange…
TapTap Send Suspended for A Month Over Foreign Exchange Act Violation
The Bank of Ghana has suspended TapTap Send for one month over…
Financial Analyst Fears Another Looming Debt Restructuring
Financial analyst warns that Ghana risks another debt restructuring, like Jamaica’s, due…
Bawumia Pledges to Institutionalise “Gold for Forex” Programme to Stabilise Exchange Rates
Dr. Mahamudu Bawumia pledges to institutionalize the "Gold for Forex" program, reform…