Breach in remittance guidelines will attract sanctions – BoG

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Digital Remittances
Remittances

The Bank of Ghana has reminded players in the remittance business of the need to play by the rules or face severe consequences.

In a statement, the central bank reiterated all the guidelines as provided by law and warned that “Non-compliance will result in severe sanctions including the withdrawal of the licence of the institution in breach.”

Find below the full statement from BoG:

Statement From Bog
Statement From Bog
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