Ghanaian authorities Thursday said the use of foreign currencies to transact businesses in the country would no longer be permitted. The Bank of Ghana Secretary Sandra Thompson said the ban on illegal forex trading in Ghana is in accordance with the Foreign Exchange Act, 2006 and that "violations are punishable on summary conviction." Banks,…Ghanaian authorities Thursday said the use of foreign currencies to transact businesses in the country would no longer be permitted.
Banks, companies, institutions and individuals in Ghana are warned to desist from “engaging in foreign exchange business without a licence issued by Bank of Ghana.” Thompson noted such violations are punishable on summary conviction, by a fine of up to seven hundred penalty units or a term of imprisonment of not more than eighteen months, or both.
This guys are fast moving up ahead of the giant of Africa 🤦🏽♂️
Great decision!
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And Nigeria still dey look.
That's a good one, only if Nigeria will follow.
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