{"id":261867,"date":"2024-12-06T23:35:48","date_gmt":"2024-12-06T23:35:48","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/06\/bank-of-ghana-lifts-cbg-forex-ban\/"},"modified":"2024-12-06T23:35:48","modified_gmt":"2024-12-06T23:35:48","slug":"bank-of-ghana-lifts-cbg-forex-ban","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/06\/bank-of-ghana-lifts-cbg-forex-ban\/","title":{"rendered":"Bank of Ghana lifts CBG forex ban"},"content":{"rendered":"<p><\/p>\n<div>\n<p data-sourcepos=\"5:1-5:272\"><strong>Consolidated Bank Ghana (CBG) customers can breathe a sigh of relief as the bank resumes its foreign exchange trading operations<\/strong>.<\/p>\n<p data-sourcepos=\"5:1-5:272\">This comes after the Bank of Ghana (BOG) lifted a temporary suspension of CBG\u2019s forex trading license due to regulatory non-compliance issues.<\/p>\n<p data-sourcepos=\"7:1-7:209\">According to a statement released by CBG management on Friday, December 6, 2024, the bank has addressed all concerns raised by the regulator, leading to the swift reinstatement of its license on December 4th.<\/p>\n<p data-sourcepos=\"9:1-9:340\">\u201cWe are pleased to announce the restoration of our foreign currency trading license by the Bank of Ghana,\u201d the statement reads. \u201cFollowing close collaboration with the regulator, we have addressed all compliance issues and are now fully operational, offering our comprehensive suite of foreign exchange services at all branches nationwide.\u201d<\/p>\n<p data-sourcepos=\"11:1-11:303\">Customers who rely on CBG for buying and selling foreign currencies can now return to their branches for these essential financial transactions. The bank acknowledges the inconvenience caused by the suspension and expresses its sincere gratitude to its customers for their patience and continued trust.<\/p>\n<p data-sourcepos=\"11:1-11:303\"><strong>Read Also:<\/strong><\/p>\n<p data-sourcepos=\"11:1-11:303\">Domelevo criticises government\u2019s focus on taxation to fund public expenditure<\/p>\n<p data-sourcepos=\"13:1-13:252\">\u201cCBG prioritizes customer satisfaction and regulatory compliance in equal measure,\u201d the statement emphasizes. \u201cWe remain committed to providing a simple, secure, and differentiated banking experience while adher ing to the highest regulatory standards.\u201d<\/p>\n<p data-sourcepos=\"13:1-13:252\"><strong>Read full statement below:<\/strong><\/p>\n<figure id=\"attachment_438898\" aria-describedby=\"caption-attachment-438898\" style=\"width: 823px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-438898 size-large\" src=\"https:\/\/3news.com\/wp-content\/uploads\/2024\/12\/CBG-Statement-823x1024.jpeg\" alt=\"\" width=\"823\" height=\"1024\" srcset=\"https:\/\/3news.com\/wp-content\/uploads\/2024\/12\/CBG-Statement-823x1024.jpeg 823w, https:\/\/3news.com\/wp-content\/uploads\/2024\/12\/CBG-Statement-241x300.jpeg 241w, https:\/\/3news.com\/wp-content\/uploads\/2024\/12\/CBG-Statement-768x956.jpeg 768w, https:\/\/3news.com\/wp-content\/uploads\/2024\/12\/CBG-Statement-860x1070.jpeg 860w, https:\/\/3news.com\/wp-content\/uploads\/2024\/12\/CBG-Statement.jpeg 868w\" sizes=\"auto, (max-width: 823px) 100vw, 823px\"\/><figcaption id=\"caption-attachment-438898\" class=\"wp-caption-text\">CBG Back in business: Foreign exchange trading resumes after license restoration<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Consolidated Bank Ghana (CBG) customers can breathe a sigh of relief as the bank resumes its foreign exchange trading operations. This comes after the Bank of Ghana (BOG) lifted a temporary suspension of CBG\u2019s forex trading license due to regulatory non-compliance issues. According to a statement released by CBG management on Friday, December 6, 2024, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":261868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-261867","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank of Ghana lifts CBG forex ban - 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\/2024\/12\/06\/bank-of-ghana-lifts-cbg-forex-ban\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Ghana lifts CBG forex ban - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Consolidated Bank Ghana (CBG) customers can breathe a sigh of relief as the bank resumes its foreign exchange trading operations. This comes after the Bank of Ghana (BOG) lifted a temporary suspension of CBG\u2019s forex trading license due to regulatory non-compliance issues. 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