Business
Crime in books than in Practice: Black Market Foreign Exchange Businesses in Focus
Dennislaw Research Desk
Results for "Foreign Exchange Black Market"
1381 results.
Business
Team of Police, BoG officials arrest 76 persons over illegal forex trade
The suspects, mostly black market dealers are said to have carried out their operations without a licence from the Central Bank.
DL News
Others
Trading Under The Diplomatic Shield: Reconstructing The Commercial Activity Exception To Diplomatic Immunity
This article examines the tension between diplomatic immunity and private commercial accountability under Ghanaian law. It argues that Ghana reflects the restrictive doctrine of sovereign immunity, especially through the commercial activity...
DL News
General
SONA 2024: Full Speech by President Akufo Addo
The address, mandated by Article 67 of the 1992 Constitution, was delivered by the President in the Chamber of Parliament on Tuesday, 27th February, 2024
DL News
Business
Desist from quoting prices, making payments in foreign currencies-BoG to institutions, individuals
In a public notice dated August 27, 2025, the central bank warned that all unauthorized foreign exchange transactions—often conducted on the black market—are prohibited under the Foreign Exchange Act, 2006 (Act 723).
DL News
Business
Foreign currency services restored at CBG as trading licence reinstated
This development allows CBG to fully resume foreign exchange services at all branches nationwide, providing customers with a seamless experience for buying and selling foreign currencies.
DL News
General
Regulatory Compliance in the Financial Sector
This article explores the various regulators who regulate financial institutions such as banks, microfinance, insurance companies amongst others as well as the critical role of regulatory compliance in the financial sector, the challenges i...
Ama Anima Konadu
Business
Review Forex Act 2006: Relook at requirement for opening FX Accounts - Absa Markets Head
“If you look at our FX market, I think the FX Act was passed in 2006. I think 16 years down the line, we have to relook at it if indeed the provisions as we have them there are really fit for the purpose."
DL News
Business
UBA Ghana's forex licence suspended over regulatory violations
In a statement released on Thursday, the central bank explained that the action was taken under Section 11(2) of the Foreign Exchange Act, 2006 (Act 723), after uncovering what it described as “multiple breaches of foreign exchange market r...
DL news
Business
BoG rolls out new exchange rate guidelines for shipping industry
A statement issued by the BoG and signed by its Secretary, Sandra Thompson, emphasized that the guidelines are mandatory for all industry participants and that non-compliance could attract administrative sanctions.
DL News
Business
Bank of Ghana to enact new Forex Law – New Governor
Speaking at the Jubilee House on Tuesday, February 25, after being sworn into office by President John Mahama, Dr. Asiama highlighted the proposed law as a key component of his agenda to reform Ghana’s financial landscape.
DL News
Business
BoG suspends forex trading licences of GTBank and FBNBank
The suspension is also in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723).
DL News
Business
Stop buying or selling foreign currency or face prosecution-BoG warns unlicensed entities
“The sole legal tender in Ghana is the Ghana cedi and the Ghana pesewa. It is prohibited to price, advertised, and demand payment for goods and services in foreign currency.”
DL News
Business
BoG suspends CBG Forex trading licence for 1 month
The BoG stated that this decision aligns with section 11 (2) of the Foreign Exchange Act, 2006 (Act 723).
DL News
Business
Desist from dealing with these eight unlicensed money transfer organisations - BoG cautions
“By this Notice, all market players are reminded of the directives above and entreated to comply accordingly"
DL News
General
Know the various court dresses around the world
Although black coats are traditionally favored in many regions, other countries feature distinct attire choices for their legal professionals.
DL News
US
Ketanji Brown Jackson confirmed as first black woman to sit on US Supreme Court
Until now, the US Supreme Court has only ever had two black justices in its history - both have been men. But Ketanji Brown Jackon's victory is significant for more than just one reason.
Sky News