BoG Sets 90-Day Approval Window Under New International Remittance Rules

BoG tightens rules on international money transfers with new IMTO guidelines

By: Franklin ASARE-DONKOH Ghana’s central bank, the Bank of Ghana (BoG), has introduced a new regulatory framework governing the registration and operations of International Money Transfer Operators (IMTOs) in the country. The move, according to the bank, is aimed at tightening oversight of inward remittances, safeguarding foreign exchange inflows, and strengthening consumer protection. Under the new rules, all entities facilitating inward remit…

BoG Sets 90-Day Approval Window Under New International Remittance Rules

The Bank of Ghana has issued new guidelines governing the registration and operations of International Money Transfer Operators in Ghana, introducing a clearly defined 90-day approval window for applications that meet all regulatory requirements. The move forms part of broader efforts by the Central Bank to strengthen oversight, improve transparency and protect consumers within the country’s fast growing inward remittance market. The guidelines …

Bank of Ghana Updates Regulatory Guidelines On International Money Transfers

The Bank of Ghana (BoG) just dropped a massive regulatory update for International Money Transfer Operators (IMTOs), aiming to formalize the multibillion-dollar remittance pipeline and safeguard the cedi. Why it matters Remittances are Ghana’s financial lifeblood. These new rules, effective January 2026, signal the end of the “Wild West” era for fintechs and money transfer […] The post Bank of Ghana Updates Regulatory Guidelines On International…