Ms.
Aimee V.
Quashie, speaking on behalf of the Secretary of the Bank of Ghana, has issued a strong reminder to the public that all unlicensed foreign exchange transactions are strictly prohibited under the Foreign Exchange Act, 2006 (Act 723).
In a statement dated Wednesday, August 27, 2025, the Bank directed individuals, businesses, and institutions engaged in unauthorized dealings-whether pricing, advertising, issuing receipts, or making and receiving payments in foreign currencies like the US dollar-to cease immediately.
