Bank Of Ghana Shuts Down Two Forex Bureaus In Accra
Two Forex Bureaus operating within Accra have had their licenses of operation withdrawn by the Bank of Ghana for breaching the foreign exchange laws and failing to stop issuing receipts even though they were warned weeks ago by the Central Bank. The Head of the Other Financial Institutions Supervision Department at the Bank of Ghana, Yaw Sarpong, stated that the exercise was carried out to ensure sanity in the forex market.
BOG revokes license of two popular forex bureaux in Accra
The Airport City Currency Bureau, located in the Atlantic Tower building, and Trade House Forex Bureau Ltd., a well-known forex bureau near the Marina Mall, have had their licenses withdrawn by the Bank of Ghana. The operators' refusal to provide receipts and violations of local regulations governing foreign exchange led to the closure.