The Bank of Ghana (BoG) has on Monday fined Barclays Bank an amount of ¢4,579,256.36 for making frivolous quotes on Ghana’s Interbank Foreign Exchange Market.
A statement issued by the Bank of Ghana indicates that “The Bank of Ghana is committed to ensuring sanity, transparency and promoting best practices that serve to develop and deepen the FX market in Ghana”.
“In pursuit of the above goals, the Bank of Ghana will not hesitate to sanction any market participant whose actions contravene Ghana’s Interbank FX Market Conduct Rules,” the statement added.
Below is the statement issued by the Bank of Ghana
'The standard which cleared Tsatsu Tsikata in 2016 be applied in Wontumi’s convi...
Presidential pardon for Wontumi a good call but he should serve for five to seve...
'You've failed Ghanaians; resign' - Independent presidential candidate slams Mah...
Mahama hosts African leaders for AU Summit on Universal Health Coverage and Dise...
The justice system has been turned upside down — Oppong Nkrumah on Wontumi's 20-...
'High Court judgment flawed; Wontumi was convicted on assumptions and inferences...
Environmentalists hail Wontumi's 20-year sentence as major breakthrough in anti-...
Imprisoned TikToker Camilla Alhassan is NPP member in Awutu Senya West — Nana B ...
Wontumi's 20year jail term a victory for anti-galamsey fight – Solomon Owusu
OSP refutes claims US Immigration Court dismissed its charges against Ofori-Atta
Comments
THIS IS THIS WHAT HAPPENED WHEN EUROPEAN UNION CHARGE FOREIGN BANKS FOR ABUSING THE FOREX FEW MONTHS AGO AND THEY WERE CHARGE AS WELL. KEEP WATCHING TESE BANKS CAUSING THE LOCAL CURRENCY FLATUATIONS WITH THEIR FOREX MANUPULATIONS REAL THE GAME MOST INTERNATIONAL BANKS PLAY RECENTLY THE EUROPEAN UNION CHARGE INTERNATIONAL BANKS FOR MANUPULATING FOREX AND WERE SLAPPED WITH FINES GOOGLE TO CHECK.