{"id":129889,"date":"2023-12-11T17:34:12","date_gmt":"2023-12-11T17:34:12","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/"},"modified":"2023-12-11T17:34:12","modified_gmt":"2023-12-11T17:34:12","slug":"failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/","title":{"rendered":"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Exporters who fail to repatriate a portion of their proceeds to support the stability of Ghana\u2019s foreign exchange regime would either face sanctions or serve a jail term.<\/p>\n<p>This is according to the\u00a0Bank of Ghana, who cautions that the 60-day grace period given to exporters will continue to be enforced to check abuse.<\/p>\n<p>Deputy Director in charge of Foreign Global Transfer and Remittance at the Central Bank, Eric Hammond, therefore, urged exporters in the country to embrace the\u00a0Bank of Ghana\u2018s Letter of Commitment Documents to facilitate their respective export businesses.<\/p>\n<p>Addressing participants at a sensitization workshop on the BoG Letter of Commitment Requirement for the repatriation of export proceeds, Hammond said the Central Bank is open to engaging exporters on the compliance of the regulations.<\/p>\n<p>\u201cThe objective is not to stifle your operations but to save it rather. We need you as you need us and that\u2019s exactly what we are doing here. After the 60 days and you are not complying, the system will block you and that means you would have to come to the\u00a0Bank of Ghana\u00a0which adds up to your cost,\u201d Hammond is quoted to have said by myjoyonline.com.<\/p>\n<p>He added that, \u201cWe are not blocking you but the system does that. So, let\u2019s do well to do it so. It doesn\u2019t prevent you guys from doing further exportation. We don\u2019t have the power to prosecute you but we are engaging the security services on that\u201d.<\/p>\n<p>Eric Hammond further said the Central Bank is in collaboration with the security agencies to ensure exporters comply with the rules and regulations.<\/p>\n<p>MA\/NOQ<\/p>\n<p><strong>Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Exporters who fail to repatriate a portion of their proceeds to support the stability of Ghana\u2019s foreign exchange regime would either face sanctions or serve a jail term. This is according to the\u00a0Bank of Ghana, who cautions that the 60-day grace period given to exporters will continue to be enforced to check abuse. Deputy Director [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":126422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-129889","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Exporters who fail to repatriate a portion of their proceeds to support the stability of Ghana\u2019s foreign exchange regime would either face sanctions or serve a jail term. This is according to the\u00a0Bank of Ghana, who cautions that the 60-day grace period given to exporters will continue to be enforced to check abuse. Deputy Director [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T17:34:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/\",\"name\":\"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png\",\"datePublished\":\"2023-12-11T17:34:12+00:00\",\"dateModified\":\"2023-12-11T17:34:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png\",\"width\":600,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/","og_locale":"en_US","og_type":"article","og_title":"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013 - Ghanamma.com","og_description":"Exporters who fail to repatriate a portion of their proceeds to support the stability of Ghana\u2019s foreign exchange regime would either face sanctions or serve a jail term. This is according to the\u00a0Bank of Ghana, who cautions that the 60-day grace period given to exporters will continue to be enforced to check abuse. Deputy Director [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/","og_site_name":"Ghanamma.com","article_published_time":"2023-12-11T17:34:12+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png","type":"image\/png"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/","url":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/","name":"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png","datePublished":"2023-12-11T17:34:12+00:00","dateModified":"2023-12-11T17:34:12+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-854.png","width":600,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/failure-to-repatriate-portion-of-proceeds-could-result-in-sanctions-jail-term-bog-tells-exporters\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Failure to repatriate portion of proceeds could result in sanctions, jail term \u2013 BoG tells exporters \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/129889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=129889"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/129889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/126422"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=129889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=129889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=129889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}