The Bank of Ghana (BoG) has announced that it is conducting an audit of remittance transactions covering the period 1st October 2024 to 31st December 2024.
The objective of this audit is to assess the remittance process and to provide recommendations to strengthen the existing regulatory framework, the central bank said.
In addition, it said, the audit will evaluate compliance with all applicable regulations, including the Foreign Exchange Act 2006, Act (723), the Updated Guidelines for Remittances, the Payment Services Act 2019 (Act 987), and the Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Guidelines.
A statement issued on Wednesday February 19 said “All market participants are reminded of their obligation to comply fully with these regulatory requirements.
“Strengthening adherence to these guidelines will enhance the remittance ecosystem, promote transparency, mitigate AML/CFT risks, and contribute to the overall deepening of the Foreign
Exchange Market.”
NAIMOS has intensified its fight against illegal mining at some parts of the Ahafo Region,… Read More
Former Finance Minister Ken Ofori-Atta is scheduled to appear before a court in the United… Read More
The Deputy Chief Executive Officer of the Gaming Commission of Ghana, Lamtiig Apanga, has advised… Read More
Renowned Ghanaian gospel music pioneer and founder of the Asomafo gospel ensemble, Yaw Sarpong, has… Read More
Former Forestry Commission official Charles Owusu has lauded former President John Mahama for demonstrating humility… Read More
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has attributed the recent decline in… Read More