• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Banking/Finance 201407

BoG Lifts Ban On Importation Of Dollars, Other Major Currencies

29-Jul-2014
/ Banking/Finance, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

Commercial banks can now import dollars, pounds and other international currencies for their operations.

This follows the Bank of Ghana's decision to lift the ban on importation of foreign exchange by commericial banks last week.

Governor of the Bank, Dr. Kofi Wampah, told Joy Business the move is part of measures to improve supply of dollars on the market and possibly help stabilize the falling Ghana cedi.

�It doesn�t mean that Bank of Ghana has stopped what it is doing. We will still be there to provide additional forex if needed by the banks�, he said.

Governor maintained that this would also help correct the current situation, where most of the commercial banks are quoting their own exchange rates.

In February this year, the central bank announced measures aimed at shoring up the cedi against the major foreign currencies.

As part of the measures, it banned commercial banks and other financial houses from importing forex, issuing cheques and cheque books on foreign exchange accounts (FEA) as well as foreign currency accounts (FCA).

Source: myjoyonline.com

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

First Atlantic Bank Opens New Ultra Modern Branch At Airport

Next Post

Stanchart To Commit $5 Billion To Power Africa Project

 
 

More Stories

Over 400 SMEs Benefit From CBG And DBG Financial Empowerment Workshop
Lemonade Finance Rebrands To LemFi
BoG To Reverse FX Control Measures
Absa Bank MD Is CEO Of The Year - Banking Sector
Urgent Warning To Mobile Banking Customers...
BoG Seeks Major Reforms
OmniBSIC Bank Delivers Strong, Resounding Results
Ecobank Double Salary Promotion Reloaded launched to Reward Existing, New Salaried Account holders
Absa Bank Takes Flagship “Readytowork” To Ghana’s Northern Region
Next Post

Stanchart To Commit $5 Billion To Power Africa Project

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Banking/Finance Stories

  • Over 400 SMEs Benefit From CBG And DBG Financial Empowerment Workshop

  • Lemonade Finance Rebrands To LemFi

  • BoG To Reverse FX Control Measures

  • Absa Bank MD Is CEO Of The Year - Banking Sector

  • Urgent Warning To Mobile Banking Customers...

  • BoG Seeks Major Reforms

  • OmniBSIC Bank Delivers Strong, Resounding Results

  • Ecobank Double Salary Promotion Reloaded launched to Reward Existing, New Salaried Account holders

  • Absa Bank Takes Flagship “Readytowork” To Ghana’s Northern Region

  • UMB Confident Of Growth With Focus On Digital Channels And Platform Play

 

 
 

Popular Videos

Kokrokoo Discussion Segment On Peace 104.3 FM (30/05/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (31/05/2023)

Kokrokoo Live On Peace 104.3 FM (30/05/2023)

Akan News @ 6pm On Peace 104.3 FM (1/06/2023)

DAWURO 30/05/23

GHANA MONTIE WITH MAC JERRY OSEI AGYEMAN on NEAT 100.9 FM (WEDNESDAY 31-05-23)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media