As part of measures to enforce compliance by all licensed Forex Bureau with the Forex Bureau Regulations the Central Bank has directed that all purchases and sales of forex must be captured electronically and given receipts, by licensed operators.
Accordingly, all customers must provide valid national identification or other valid personal ID such as Voter’s ID, Passport or Driver’s Licence for any forex transactions. Thus, operators of Forex Bureau are to apply the new rules.
All licensed Forex Bureaux must submit the required monthly returns electronically to the Bank of Ghana within five working days after the end of the month.
All licensed Forex Bureaux must complete and submit a licence renewal questionnaire two (2) months before the expiration of the current licence.
