The Bank of Ghana (BoG) has cautioned the public against dealing in pricing, advertising, receipting or making payments for goods and services in foreign currency without the requisite licence or authorisation.
A statement issued by BoG on Tuesday (5 April) said such violations are punishable on summary conviction, by a fine of up to seven hundred (700) penalty units or a term of imprisonment of not more than 18 months, or both.
The BoG said it is collaborating with the security agencies to clamp down on illegal foreign exchange operations.
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Are we serious, begin your punishment with the customs. Whenever goods clear taxes are paid in cedi equivalent. Let them convert the prices of the goods to cedi at the time of manufacture then the duties will be stable. You want the individual businesses to surfer whiles the government is doing the same punishable things.
You need action and not warning. You know where they are transacting businesses so go for them and stop issuing needles and empty threats.