Ghana
10 regulators · 16 laws & regulations · 9 obligations · 7 enforcement actions
| Date | Entity | Regulator | Action | Penalty | Source | Summary |
|---|---|---|---|---|---|---|
| 4 Sep 2025 | Flutterwave Inc., Cellulant Ghana Limited and Halges Financial Technologies Limited (payment service providers) | BoG | Business Restriction | — | official | |
The Bank of Ghana suspended the remittance partnerships of Flutterwave Inc. and Cellulant Ghana Limited for one month from 18 September 2025, and barred Halges Financial Technologies Limited from all remittance activity until the Bank gives prior approval. The release says the three carried out unauthorised remittance activities for five money transfer operators through UBA Ghana. |
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| 4 Sep 2025 | Taptap Send, Top Connect, Remit Choice, Send App and Afriex (money transfer operators) | BoG | Business Restriction | — | official | |
The Bank of Ghana suspended the remittance partnerships of five money transfer operators for one month from 18 September 2025 for unauthorised remittance activity through payment service providers, with UBA Ghana as settlement bank. They may resume only if their partners reapply and the Bank approves after the suspension. The release is dated 4 September 2025. |
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| 4 Sep 2025 | United Bank for Africa Ghana Limited (UBA Ghana) (commercial bank) | BoG | Licence Action | — | official | |
The Bank of Ghana suspended UBA Ghana's foreign exchange trading licence for one month from 18 September 2025, citing multiple breaches of forex market rules, including unauthorised remittance activities with three payment service providers acting for money transfer operators. All of the bank's remittance partnerships are suspended, and partners must reapply after the suspension. The release is dated 4 September 2025. |
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| 12 Nov 2024 | Consolidated Bank Ghana (CBG) (commercial bank) | BoG | Licence Action | — | official | |
The Bank of Ghana suspended the bank's foreign exchange trading licence for one month from 26 November 2024 after multiple breaches of forex market rules and of the inward remittance and AML/CFT&P guidelines. |
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| 4 Mar 2024 | Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN) (commercial banks) | BoG | Licence Action | — | official | |
The Bank of Ghana suspended both banks' foreign exchange trading licences for one month from 18 March 2024, citing multiple breaches of forex market rules including fraudulent documentation in their foreign exchange operations. Licences are to be reinstated once the Bank is satisfied that effective controls are in place. |
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| 20 Nov 2023 | Zeepay Ghana Limited (payment service provider) | BoG | Licence Action Monetary Penalty | — | official | |
The Bank of Ghana fined the company for breaching clause 7.3(a) of the inward remittance rules on conversion of settlement funds, and suspended its forex licence from 27 November to 8 December 2023 for violations of the Foreign Exchange Act. The notice does not state the fine amount; penalty_amount is left empty. |
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| 29 Jun 2023 | Fidelity Bank Ghana Limited and First National Bank Ghana Limited (commercial banks) | BoG | Licence Action | — | official | |
The Bank of Ghana suspended each bank's forex licence from 29 June to 28 July 2023 and imposed 1,000 penalty points on each for breaching sections 3.4, 3.5 and 3.9 of the interbank forex market conduct rules. |
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| No enforcement actions match these filters. | ||||||