{"id":60258,"date":"2023-11-22T07:21:53","date_gmt":"2023-11-22T07:21:53","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=60258"},"modified":"2023-11-22T06:51:29","modified_gmt":"2023-11-22T06:51:29","slug":"bog-fines-zeepay-ghana-limited-suspends-forex-license","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license","title":{"rendered":"BoG\u00a0fines Zeepay Ghana Limited, suspends \u00a0Forex\u00a0license"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>The Bank of Ghana (BoG) has fined Zeepay Ghana Limited for breaching the Inward Remittance clause and ForeignExchange Act.<\/b><\/p>\n<p>On remittance, Clause 7.3(a) states that the settlement bank shall \u201cuse the average interbank exchange rate published by the Ghana Association of Banks on the day the transfer is received or as prescribed by Bank of Ghana for the conversion of settlement funds into local currency.\u201d<\/p>\n<p>A statement issued by the Bank said it had further suspended the Forex Licence of Zeepay Ghana Limited from November 27, 2023, to December 8, 2023, for violation of sections 3(1) and 15 (3) of the Foreign Exchange Act, 2006 (Act 723).<\/p>\n<p>It cautioned market players including banks, forex bureaus, forex brokers, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs) and Money Transfer Operators (MTOs) to adhere strictly to the applicable forex market regulations and guidelines.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. The Bank of Ghana (BoG) has fined Zeepay Ghana Limited for breaching the Inward Remittance clause and ForeignExchange Act. On remittance, Clause 7.3(a) states that the settlement bank shall \u201cuse the average interbank exchange rate published by the Ghana Association of Banks on the day the transfer is received or as prescribed [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":60257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-60258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","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\u00a0fines Zeepay Ghana Limited, suspends \u00a0Forex\u00a0license - Ghana<\/title>\n<meta name=\"description\" content=\"The Bank of Ghana (BoG) has fined Zeepay Ghana Limited for breaching the Inward Remittance clause and ForeignExchange ...\" \/>\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-fines-zeepay-ghana-limited-suspends-forex-license\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG\u00a0fines Zeepay Ghana Limited, suspends \u00a0Forex\u00a0license\" \/>\n<meta property=\"og:description\" content=\"The Bank of Ghana (BoG) has fined Zeepay Ghana Limited for breaching the Inward Remittance clause and ForeignExchange ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license\" \/>\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=\"2023-11-22T07:21:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/11\/sm_1700623053.814672.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"347\" \/>\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=\"1 minute\" \/>\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-fines-zeepay-ghana-limited-suspends-forex-license#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BoG\u00a0fines Zeepay Ghana Limited, suspends \u00a0Forex\u00a0license\",\"datePublished\":\"2023-11-22T07:21:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license\"},\"wordCount\":154,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/11\/sm_1700623053.814672.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-fines-zeepay-ghana-limited-suspends-forex-license\",\"name\":\"BoG\u00a0fines Zeepay Ghana Limited, suspends \u00a0Forex\u00a0license - 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