Banking & Finance

First National Bank temporarily halts forex transactions

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First National Bank Ghana says it has temporarily halted the processing of new or pending foreign exchange transactions for 30 days due to ongoing engagements with the Bank of Ghana.

The banks said to minimize any possible disruptions, it has made temporary arrangements with partner banks to initiate and complete foreign exchange deals for and on behalf of First National Bank Ghana and its clients, should the need arise.

“As a bank, we hold ourselves to the highest operational and regulatory standards in every aspect of our business.

We are committed to reaching an amicable resolution with the Bank of Ghana for the restoration of our Foreign Exchange license,” it added.

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