Bank Of Ghana Fines Fidelity And First National Banks

Fidelity Bank Ghana Limited and First National Bank Ghana Limited’s Forex licenses have been fined and suspended by the Bank of Ghana (BoG) for violating sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct regulations.

Each license will be suspended for a period of one year.

Bank Of Ghana Is Now A Member Of NGFS

Also, BoG has suspended the respective forex licenses of the bureaus, forex brokers, and money transfer operators (MTOs) to comply rigorously to the pertinent forex market guidelines and rules.

The Statement:

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