Home   >   Business   >   Banking/Finance   >   201905
BoG Warns Against Deals In Foreign Currency   
 
  << Prev  |  Next >>
 
09-May-2019  
Comments ( 4 )     Email    Print
       
 
 
 
 
 
Related Stories
 
The central bank has issued a warning to companies, institutions and individuals engaged in businesses in foreign exchange.

According to a statement from the Bank of Ghana, the sole legal tender in Ghana is the Ghana Cedi and Ghana pesewa.

The statement reminded all and sundry about the Foreign Exchange Act, 2006 (Act 723), which prohibits the pricing, advertising and receipt or payment for goods and services in foreign currency in Ghana.

“Such violations are punishable by summary conviction, a fine up to seven hundred penalty units or a prison term of not more than eighteen months, or both.”

 
 
Source: 3news.com
 
 

Comments ( 4 ): 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