remittances

The Bank of Ghana (BoG) has commenced an audit of remittance activities covering the fourth quarter of last year, from October 1 to December 31, 2024. This was announced in an official notice issued by the Central Bank today. According to the BoG, the audit aims to assess the remittance process, recommend improvements to the existing regulatory framework, and ensure full compliance with all relevant regulations, including the Foreign Exchange Act, 2006 (Act 723). The Bank emphasized that all market participants are required to fully adhere to these regulatory obligations, underscoring its commitment to promoting transparency, efficiency, and integrity within…

RightCard Payment Services Limited (LemFi) is proud to announce that it has obtained approval from the Bank of Ghana (BoG) to resume its remittance services to Ghana with some of its approved partners. This is consistent with RightCard’s (LemFi) commitment to providing secure and efficient services while complying with the set regulatory framework by the Bank of Ghana. Today, RightCard (LemFi) has formally announced the resumption of its services to Ghana, following a temporary suspension of its money transfer services to Ghana in November 2023. RightCard Payment Services Limited (LemFi) can now deliver its services in Ghana through payment companies,…