{"id":106432,"date":"2025-09-06T07:23:25","date_gmt":"2025-09-06T07:23:25","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships"},"modified":"2025-09-06T07:31:09","modified_gmt":"2025-09-06T07:31:09","slug":"bog-suspends-taptap-send-and-top-connect-remittance-partnerships","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships","title":{"rendered":"Bog Suspends Taptap Send and Top Connect Remittance Partnerships"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>The Bank of Ghana (BoG) has suspended remittance partnerships with five Money Transfer Operators (MTOs) following a series of regulatory breaches.<\/b><\/p>\n<p>In a statement, the Central Bank said effective September 18, 2025, the operations of Taptap Send, Top Connect, Remit Choice, Send App, and Afriex would be halted for one month.<\/p>\n<p>The suspension comes from \u201cvarious breaches of the Updated Guidelines for Inward Remittance Services by Payment Service Providers, 2023, as amended by Bank of Ghana.<\/p>\n<p>The statement said the Central Bank\u2019s findings indicated that the MTOs conducted unauthorized<\/p>\n<p>remittance activities with Payment Service Providers (PSPs) including Halges Financial Technologies Limited, Cellulant Limited, and Flutterwave Inc., utilizing their settlement bank, UBA Ghana.<\/p>\n<p>lt said this action was a clear demonstration of the Bank\u2019s commitment to upholding the integrity and security of the financial sector.<\/p>\n<p>The Bank cautioned all foreign exchange market players to adhere strictly to existing forex market regulations and guidelines.<\/p>\n<p>\u201cFollowing the one-month suspension, the affected MTOs will have the opportunity to re-engage in remittance activities,\u201d the statement said.<\/p>\n<p>The Central Bank noted that their partner PSPs or banks must submit a new application for the Bank of Ghana\u2019s consideration.<\/p>\n<p>\u201cThis provision serves as a critical pathway for the companies to demonstrate their commitment to rectifying the identified breaches and ensuring<\/p>\n<p>future operations are fully compliant with the central bank\u2019s regulatory framework,\u201d it said.<\/p>\n<p>The Bank of Ghana\u2019s decision emphasised that compliance is a mandatory prerequisite for operating within the Ghanaian financial ecosystem.<\/p>\n<p>The re-application process provides a structured avenue for the MTOs to regain trust and show they can operate within the confines of the law.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Ghana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. The Bank of Ghana (BoG) has suspended remittance partnerships with five Money Transfer Operators (MTOs) following a series of regulatory breaches. In a statement, the Central Bank said effective September 18, 2025, the operations of Taptap Send, Top Connect, Remit Choice, Send App, and Afriex would be halted for one month. The [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":106431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[429],"class_list":["post-106432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bog Suspends Taptap Send and Top Connect Remittance Partnerships - Ghana<\/title>\n<meta name=\"description\" content=\"The Bank of Ghana (BoG) has suspended remittance partnerships with five Money Transfer Operators (MTOs) following a s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bog Suspends Taptap Send and Top Connect Remittance Partnerships\" \/>\n<meta property=\"og:description\" content=\"The Bank of Ghana (BoG) has suspended remittance partnerships with five Money Transfer Operators (MTOs) following a s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-06T07:23:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-06T07:31:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/09\/sm_1757131122.670651.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bog Suspends Taptap Send and Top Connect Remittance Partnerships\",\"datePublished\":\"2025-09-06T07:23:25+00:00\",\"dateModified\":\"2025-09-06T07:31:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships\"},\"wordCount\":292,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/09\/sm_1757131122.670651.jpg\",\"keywords\":[\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-suspends-taptap-send-and-top-connect-remittance-partnerships\",\"name\":\"Bog Suspends Taptap Send and Top Connect Remittance Partnerships - 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