Tag: Bank Of Ghana
General News Politics Social

BoG tightens rules on International Money Transfers

195  The Bank of Ghana (BoG) has introduced a new regulatory framework for the registration and operations of International Money Transfer Operators (IMTOs), a move aimed at strengthening oversight of inward remittances, safeguarding foreign exchange inflows, and enhancing consumer protection. The Guidelines for the Registration and Operations of International Money Transfer Operators (IMTOs) in Ghana, […]
General News Politics Social

Gov’t uncovers how importers laundered $31 billion in five years, BoG to sanction banks involved, importers to refund ‘stolen’ taxes

267  The government has uncovered a scheme of money laundering involving businesspeople, both foreigners and Ghanaians, under the guise of imports. The security agencies have taken over the case, and according to the Minister of Finance, Dr Cassiel Ato Forson, they are going to ensure that all taxes, stolen from such money transfers under the […]