Fidelity Bank Archives - Wontumi Online

25 Jul

BoG Restores Forex Licenses Of Fidelity Bank And First National Bank – Governor

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Governor of the Central Bank, Dr Ernest Addison says it has restored the forex licenses of Fidelity Bank Ghana and First National Bank Ghana. This comes after the two financial institutions breached certain sections of the Ghana Interbank Forex Market Conduct rules. In a statement issued by the Bank in late June this year, Fidelity Bank and First National Bank were fined a combined 1,000 penalty points each for breaching sections 3. 4, 3.5 and 3.9 of the Ghana Interbank Forex Market Conduct rules. In the wake of this, the two banks were temporarily barred from forex trading activity effective June 29…

We’re Working On Concerns Raised By Bank Of Ghana – Fidelity Bank Assures

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Fidelity Bank has assured stakeholders and customers that the bank is addressing the reporting concerns raised by the Bank of Ghana. In the interim, Fidelity said, it has reached agreements with its partner banks to aid in the seamless completion of foreign exchange transactions on behalf of Fidelity Bank. “We refer to Bank of Ghana’s notice to the public, of a suspension of our Foreign Exchange trading licence, and wish to reiterate that this does not in any way affect Fidelity Bank’s normal banking operations. “While we address the reporting concerns raised by our regulator, we have in the interim…

BoG Suspends Forex Licenses Of Fidelity Bank, First National Bank

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The Bank of Ghana (BoG) has fined Fidelity Bank Ghana Limited and First National Bank Ghana Limited a combined 1000 penalty points each for breaching sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct rules. In addition, the Bank has suspended the respective forex licences of the banks from 29th June 2023 to 28th July 2023. “By this notice, we caution forex market players including banks, forex bureaus, forex brokers, and money transfer operators (MTOs) to adhere strictly to the applicable forex market regulations and guidelines,” a statement from the BoG said. Source: Myjoyonline