No Restrictions On Foreign Exchange Account Holders – BoG

Source the Ghana Report

The Bank of Ghana(BoG) has dispelled reports that it will impose restrictions on holders of Foreign Exchange Accounts and Foreign Currency Accounts from October 30.

There were speculations that the apex bank would take this action to stabilize the depreciation of the cedi.

Some social media reports have indicated that President Akufo-Addo and his team of advisors believe imposing new controls on the movement of foreign currency will help Ghana’s deteriorated financial situation.

However, the central bank has advised the public to disregard the reports.

It said, “the message is false and the Bank of Ghana cautions against such reportage”.

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