Bank of Ghana implements new forex bureau customer identification directives
The Bank of Ghana (BoG) has mandated that all licensed forex bureaus in the country adhere to new customer identification verification directives starting Thursday, August 1, 2024. Under these new measures, individuals seeking to buy or sell foreign currencies must present a Ghana Card as proof of identification. Foreign nationals are required to present their passports and undergo biometric verification. These directives accompany the launch of a new centralized platform for foreign exchange transactions. Customers without a Ghana Card will be unable to engage in any forex transactions. This initiative aims to streamline and regulate forex operations, ensuring transparency and...
