Bank of Ghana lifts CBG foreign exchange ban
Consolidated Bank Ghana (CBG) prospects can breathe a sigh of reduction because the financial institution resumes its international trade buying and selling operations.
This comes after the Bank of Ghana (BOG) lifted a brief suspension of CBG’s foreign currency trading license attributable to regulatory non-compliance points.
According to an announcement launched by CBG administration on Friday, December 6, 2024, the financial institution has addressed all issues raised by the regulator, resulting in the swift reinstatement of its license on December 4th.
“We are pleased to announce the restoration of our foreign currency trading license by the Bank of Ghana,” the assertion reads. “Following close collaboration with the regulator, we have addressed all compliance issues and are now fully operational, offering our comprehensive suite of foreign exchange services at all branches nationwide.”
Customers who depend on CBG for purchasing and promoting foreign exchange can now return to their branches for these important monetary transactions. The financial institution acknowledges the inconvenience attributable to the suspension and expresses its honest gratitude to its prospects for his or her endurance and continued belief.
Read Also:
Domelevo criticises government’s focus on taxation to fund public expenditure
“CBG prioritizes customer satisfaction and regulatory compliance in equal measure,” the assertion emphasizes. “We remain committed to providing a simple, secure, and differentiated banking experience while adher ing to the highest regulatory standards.”
Read full assertion under:
