Centralised Forex Exchange

BoG Launches Centralised Forex Exchange Platform

BoG Launches Centralised Forex Exchange Platform

The Bank of Ghana (BoG) has unveiled a centralised foreign exchange trading platform. In a statement signed by the Secretary to the Bank of Ghana, Sandra Thompson, it explained that the decision aligns with the bank’s goal to maintain the integrity and development of the financial system. Starting August 1, 2024, all licensed Foreign Exchange Bureaux will be required to use this platform for conducting foreign currency transactions. “This initiative marks a milestone in the Bank’s efforts to ensure safe and sound operations of the foreign exchange business. The platform will improve oversight for Directors and Management of bureaux and…
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