By Benjamin Nii Nai Anyetei
The Bank of Ghana (BoG) has announced the reinstatement of the Foreign Exchange Trading Licence of the United Bank for Africa (UBA) Ghana Limited, effective October 19, 2025.
In a statement issued by the Bank’s Communications Department on October 17, 2025, the central bank said the decision follows UBA’s full adherence to the suspension conditions earlier imposed, as well as the successful implementation of remedial measures that have been reviewed and deemed satisfactory by the Bank.
“The Bank of Ghana hereby gives notice of the lifting of the suspension of the Foreign Exchange Trading Licence of United Bank for Africa (UBA) Ghana Limited, effective October 19, 2025,” the statement read.
It added that the move underscores the central bank’s commitment to ensuring compliance and integrity in Ghana’s foreign exchange market.
“The Bank of Ghana remains committed to maintaining the integrity of the foreign exchange market and ensuring that all licensed market participants operate in strict compliance with the Foreign Exchange Act, 2006 (Act 723), and all other applicable regulatory guidelines,” the statement concluded.
The reinstatement allows UBA Ghana to resume foreign exchange trading activities after demonstrating compliance with all required corrective actions mandated by the regulator.
