{"id":68161,"date":"2024-03-06T07:17:30","date_gmt":"2024-03-06T07:17:30","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank"},"modified":"2024-03-06T07:59:14","modified_gmt":"2024-03-06T07:59:14","slug":"bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank","title":{"rendered":"Bank of Ghana suspends Forex Trading Licences of GT Bank and FBN Bank"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN), effective 18th March 2024, for one (1) month, in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723).<\/b><\/p>\n

This was due to various breaches of the foreign exchange market regulations, including fraudulent documentation in their foreign exchange operations.<\/p>\n

The Bank of Ghana added that the licence will be restored at the end of the one-month suspension period once it is satisfied that the Banks have put in place effective controls to ensure strict adherence to the foreign exchange market regulations.<\/p>\n

The Bank of Ghana also cautioned foreign exchange market players to adhere strictly to the applicable forex market regulations and guidelines.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN), effective 18th March 2024, for one (1) month, in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723). This was due to various […]<\/p>\n","protected":false},"author":84,"featured_media":68160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,5099],"tags":[5092,5096,429],"class_list":["post-68161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nBank of Ghana suspends Forex Trading Licences of GT Bank and FBN Bank - Ghana<\/title>\n<meta name=\"description\" content=\"The Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB ...\" \/>\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\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Ghana suspends Forex Trading Licences of GT Bank and FBN Bank\" \/>\n<meta property=\"og:description\" content=\"The Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank\" \/>\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=\"2024-03-06T07:17:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T07:59:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709699152.63653.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"712\" \/>\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\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bank of Ghana suspends Forex Trading Licences of GT Bank and FBN Bank\",\"datePublished\":\"2024-03-06T07:17:30+00:00\",\"dateModified\":\"2024-03-06T07:59:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank\"},\"wordCount\":149,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709699152.63653.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-suspends-forex-trading-licences-of-gt-bank-and-fbn-bank\",\"name\":\"Bank of Ghana suspends Forex Trading Licences of GT Bank and FBN Bank - 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