The Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licence of Consolidated Bank Ghana (CBG), with effect from November 26, 2024, for a period of one month.
The Bank of Ghana (BoG) has directed all financial institutions in the country, including commercial banks and all enhanced payment service providers to halt Remittance Termination Partnership with global remittance giant Taptap Send.
The Bank of Ghana has revealed that liquidity risk remains well-contained in the banking industry, provided the Government of Ghana (GoG) bonds are liquid.