Ghana Association of Forex Bureaux reports business slowdown following Ghana Card directive
The Ghana Association of Forex Bureaux has reported a significant slowdown in operations since the Bank of Ghana (BoG) implemented a directive requiring all forex bureaux to verify customers' identities using the Ghana Card before conducting any transactions. This directive, which took effect on August 1, 2024, was announced in July 2024 as part of the central bank's efforts to enhance the integrity of financial transactions. Speaking on PM Express Business Edition, Dr. Alex Akpabli, Vice President of the association, noted that many customers are now hesitant to transact business at forex bureaux when asked to present their Ghana Card....
