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Bank of Ghana Suspends Forex Trading Licenses of GT Bank and FBN Bank Over Breaches

ACCRA – The Bank of Ghana has suspended the foreign exchange trade licenses of Guaranty Trust Bank and FBN Bank as a result of breaching several foreign exchange regulations including fraudulent documentation in their operations.
The suspension of the licenses is to last for one month but will only be restored when the Bank of Ghana is “satisfied that they have put in place effective controls to ensure strict adherence to the foreign exchange market regulations.”

Find the full statement below:

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