BoG inaugurates committee to probe seized foreign currency at Ghana’s borders

Dr Asiama said undeclared currency flows posed risks to the integrity of Ghana’s financial sector, creating opportunities for money laundering, tax evasion and other illicit financial activities.

The initiative, according to the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, is intended to close a significant gap in Ghana’s financial system by strengthening mechanisms for monitoring and investigating foreign currency seized by the authorities.

The Bank of Ghana (BoG) has inaugurated a Preliminary Investigation Committee on Seized Foreign Currency as part of efforts to address the movement of undeclared foreign currency through Ghana’s airports and border points.