{"id":263980,"date":"2024-12-11T15:04:57","date_gmt":"2024-12-11T15:04:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/11\/cbg-resumes-foreign-currency-trade\/"},"modified":"2024-12-11T15:04:57","modified_gmt":"2024-12-11T15:04:57","slug":"cbg-resumes-foreign-currency-trade","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/11\/cbg-resumes-foreign-currency-trade\/","title":{"rendered":"CBG Resumes Foreign Currency Trade"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>CBG Boss, Daniel Wilson Addo<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>The Consolidated Bank Ghana (CBG) has announced the resumption foreign exchange services at all its branches across the country, following the restoration of its foreign currency trading license by the Bank of Ghana (BoG).<\/p>\n<p>CBG, in a statement, said the bank had begun offering customers a seamless experience in buying and selling of foreign currencies.<\/p>\n<p>The statement pledged the bank\u2019s commitment to regulatory compliance, noting that the reinstatement followed weeks of close collaboration with the regulator to address all necessary requirements.<\/p>\n<p>\u201cWe regret any inconvenience the suspension may have caused to our valued customers and deeply appreciate your patience and continued trust,\u201d CBG intimated.<\/p>\n<p>It again assured customers of its dedication to providing a simple, secure, and differentiated banking experience while maintaining strict adherence to regulatory standards.<\/p>\n<p>BoG, in November 2024, suspended the Foreign Exchange Trading License of CBG, explaining that the decision was in accordance with section 11 (2) of the Foreign Exchange Act, 2006 (Act 723).<\/p>\n<p>\u201cThis is as a result of a number of breaches of the foreign exchange market regulations, Updated Guidelines for Inward Remittance Services for Payment Service Providers dated November 2023 and the Anti-Money Laundering\/Combating the Financing of Terrorism &amp; The Proliferation of Weapons of Mass Destruction (AML\/CFT&amp;P) Guideline, for Accountable Institutions in Ghana dated December 2022, which have come to the attention of Bank of Ghana\u201d, the BoG said in a statement.<\/p>\n<p><strong>A Business Desk Report<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><!-- CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CBG Boss, Daniel Wilson Addo \u00a0 The Consolidated Bank Ghana (CBG) has announced the resumption foreign exchange services at all its branches across the country, following the restoration of its foreign currency trading license by the Bank of Ghana (BoG). CBG, in a statement, said the bank had begun offering customers a seamless experience in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":140521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-263980","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CBG Resumes Foreign Currency Trade - 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\/11\/cbg-resumes-foreign-currency-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBG Resumes Foreign Currency Trade - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"CBG Boss, Daniel Wilson Addo \u00a0 The Consolidated Bank Ghana (CBG) has announced the resumption foreign exchange services at all its branches across the country, following the restoration of its foreign currency trading license by the Bank of Ghana (BoG). 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