For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.
BoG fines Barclays Bank Ghana GHC4.6 million

BoG fines Barclays Bank Ghana GHC4.6 million

Abena Osei-Poku, Managing Director of Barclays Bank Ghana

The Bank of Ghana has fined the Barclays Bank of Ghana an amount of GHC4,579,256.36 for making frivolous quotes on Ghana’s Interbank Foreign Exchange Market Graphic Online has gathered.

This action is in breach of the Ghana Interbank Forex Market Conduct Rules.

A statement from the BoG on Monday said the central bank was committed to ensuring sanity, transparency and promoting best practices that serve to develop and deepen the FX market in Ghana.

“In pursuit of the above goals, the Bank of Ghana will not hesitate to sanction any market participant whose actions contravene Ghana’s

Interbank FX Market Conduct Rules,” the statement seen by Graphic Online said.

In case you missed it  IMANI urges gov’t to suspend implementation of UNI-PASS
Generic filters
Exact matches only
Get exclusive tips on latest resources to help you grow your business. No spam, just valuable content.
Sign Up For Our Weekly Newsletter Today!
Give it a try, you can unsubscribe anytime