CBG resumes foreign exchange transactions

CBG resumes foreign exchange transactions

Consolidated Bank Ghana (CBG) has an­nounced commencement of foreign exchange transactions at all branches. The Bank in a press statement issued in Accra on Monday, said the resumption followed the restoration of its foreign curren­cy trading licence by the Bank of Ghana (BoG). The statement said over the past weeks, the Bank had worked closely with the regulator, to ad­dress all regulatory requirements, resulting in the restoration of the forei…

CBG Reinstates Forex Services as BoG Lifts Temporary Ban

Customers of Consolidated Bank Ghana (CBG) have a reason to celebrate as the bank has resumed its foreign exchange trading operations. This development follows the Bank of Ghana’s (BoG) decision to lift the temporary suspension of CBG’s forex trading license. The move comes after CBG successfully addressed regulatory non-compliance issues that led to the suspension. CBG’s forex trading license was temporarily revoked as part of the BoG’s efforts…

CBG resumes forex trading as Bank of Ghana lifts suspension

Customers of Consolidated Bank Ghana (CBG) can now rest easy as the bank resumes its foreign exchange trading operations. This comes after the Bank of Ghana (BOG) lifted a temporary suspension of CBG’s forex trading license due to regulatory non-compliance issues. According to a statement released by CBG management, the bank has addressed all concerns raised by the regulator, leading to the swift reinstatement of its license on December 4. It sa…