The Bank of Ghana has suspended the Foreign Exchange trading licenses of Guaranty Trust Bank Ghana Limited and FBN Bank Ghana Limited (FBN) for one month over series of infractions.
The one-month suspension by the Ghanaian apex bank will take effect from March 18, 2024 and is in accordance with Section 11 (2) of the Foreign Exchange Act 2006 (Act 723).
A statement from the Central bank said the suspension became necessary following various breaches of the foreign exchange market regulations, including fraudulent documentation.
