Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says the state must rethink its sudden crackdown on black market forex dealers because the action is already distorting rates and hindering efforts to stabilise fuel prices. He said the task force swoops are creating unintended shocks. Speaking on PM Express Business Edition, he […]
The Bank of Ghana (BoG) has announced that effective August 1, 2024 all licensed Foreign Exchange Bureaux will be required to demand the Ghana Card before transacting business with any person. This was after it launched a centralised foreign exchange trading platform in line with its objective to ensure the integrity and development of the […]
In an effort to halt speculation and stabilitise the foreign exchange market in the country, the Bank of Ghana will hold (Tuesday October 25, 2022) hold series of discussions with the leadership of universal banks and Forex Bureau Associations, starting Tuesday. The Minister of Information, Kojo Oppong Nkrumah, who made this known at a press […]
Chief Executive Officer of the Ghana Cylinder Manufacturing Company (GCMC), Frances Essiam is impressing upon the Bank of Ghana to extend the same measures it used in dealing with the banking sector crisis, to the forex system in the country. According to her, there is need for an absolute and deliberate effort to sanitize the […]
