The Bank of Ghana (BoG) has issued a formal notice reaffirming existing rules on foreign exchange withdrawals, dispelling recent speculation about new restrictions on access to foreign currency at banks.
In statement dated May 15, 2025, the central bank clarified that over-the-counter (OTC) cash withdrawals in foreign currency from both Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA) remain fully permitted.
This comes after the Member of Parliament for Bolgatanga Central who is also a member of the Bank of Ghana Board, Isaac Adongo, said in an interview that the central bank was preparing to tighten controls on dollar withdrawals to help stabilise the Ghanaian Cedi.
For individuals without FEA or FCA accounts, the BoG clarified that foreign currency purchases for travel purposes are allowed, but limited to US$10,000 per person per trip or its equivalent.
