Home / ENTERTAINMENT / Accra: BoG Revokes License Of Two Popular Forex Bureaus

Accra: BoG Revokes License Of Two Popular Forex Bureaus

Spread the love

The Bank of Ghana has revoked the license of the Airport City Forex Bureau within the Atlantic Tower building and Trade House Forex Bureau Ltd, a popular forex bureau at the Marina Mall.

The closure follows the failure of the operators to issue receipts and the breaching of Foreign Exchange laws in the country.

 

The two forex bureaus are under the same ownership and were detected by a mystery shopping exercise by the central bank.

 

The Head of Other Financial Institutions Supervision department of the Central Bank, Yaw Sarpong, noted that they were not issuing electronic receipts and not requesting valid proof of identity.

Mr. Sarpong said the “two bureaus on several occasions have been found not to be complying.”

 

“The way they set their prices are detrimental and we think that the licenses of the two bureaus have to be revoked,” he added.

 

 

Take note: Exchange Rates

 

 

 

 

 

Thanks for reading from MyGhanaMedia.com as a news publishing website from Ghana.

 

 

 

Source:  citinewsroom

 

Disclaimer: MyGhanaMedia.com is not responsible for this report and its content.
There are four types of content published on   MyGhanaMedia.com daily: curated content; syndicated content; user-generated content; and original content.

 

 

Are You Suffering From Weak Erection, Low Libido, Premature Ejaculation Or Infections? – Get M-Plus No

 

 

 

  Maccun Plus (MPlus) is for men and women as a natural aphrodisiac with no side effects

Just contact the number below for M PLUS HONEY.

024-377-7896 / 0561193978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Send your news stories to myghanamedia@gmail.com and Chat with us via WhatsApp on +233 200818719

 

 

 

 

About Adwenpa-Hene

we publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: myghanamedia@gmail.com Contact Us: 0200818719

Check Also

KODA Laid To Rest; Gospel Musicians And Loved Ones Bid Farewell [VIDEO+PHOTOS]

Spread the love The service was a fitting tribute to a man whose contributions to …

x