Consolidated Bank Ghana Resumes Forex Trading Operations in Ghana

By InstinctBusiness Dec 9, 2024 0

Consolidated Bank Ghana (CBG) has announced the resumption of its foreign exchange trading operations following the restoration of its forex trading licence by the Bank of Ghana (BoG).

The licence had been temporarily suspended due to multiple violations of market regulations. In a statement, CBG management confirmed that the bank had worked closely with the regulator to address all compliance issues, leading to the restoration of its licence on December 4, 2024.

“CBG is pleased to announce that the Bank of Ghana has restored our foreign currency trading license. We have fully resumed all foreign currency services at our branches effective that date,” the statement read.

Customers can now access CBG’s comprehensive foreign exchange services, including buying and selling foreign currencies, at all branches nationwide. The bank apologized for any inconvenience caused by the suspension and expressed gratitude to its customers for their patience and continued trust.

“At CBG, we value our stakeholders and remain committed to providing a simple, secure, and differentiated banking experience while ensuring full regulatory compliance,” the statement concluded.