10
Dec
Consolidated Bank Ghana (CBG) has announced the resumption of its foreign exchange trading operations after the Bank of Ghana (BoG) lifted its suspension of the bank’s forex trading license. The suspension, which took effect on November 26, 2024, was imposed for one month following several regulatory breaches identified in CBG’s foreign exchange operations. In a statement issued on November 12, 2024, the Bank of Ghana cited violations of market regulations and stated that the suspension was in accordance with Section 11(2) of the Foreign Exchange Act, 2006 (Act 723). CBG confirmed in a statement on Friday, December 6, that it had worked closely with…