Following the recent fining of Barclays bank for posting quotes on the Ghana Interbank Forex Market contrary to the conduct rules, the Bank of Ghana has issued a press release to assuage the fears of the general public concerning the issue.
According to the country’s central bank, the matter has been resolved and Barclays remains in good standing.
Below is the full statement issued;
On Monday June 3, 2019, the Bank of Ghana issued a press release on the misconduct in the foreign exchange market by Barclays Bank Ghana Limited. The Bank of Ghana has since engaged Barclays Bank Ghana Ltd and the matter has now been resolved. The Bank of Ghana would want to remind the general public that this action does not suggest Barclays Bank Ghana Ltd. is not in good standing. The Bank of Ghana would also like to assure the general public that Barclays Bank Ghana Ltd. is solvent, well-capitalized and remains in good standing.