Undeclared forex undermines financial intelligence, formal market – BoG Governor

Bank of Ghana Governor Dr Johnson Pandit Asiama has warned that the movement of undeclared foreign currency through Ghana’s airports and border points poses a threat to the integrity of the country’s financial system.

The Bank of Ghana is therefore collaborating with the Ghana Revenue Authority, Ghana Airports Company Limited, National Security, EOCO, the Financial Intelligence Centre and the Attorney General’s Office to “safeguard the country’s borders, markets and resources for every Ghanaian.

The multi-agency committee was inaugurated by the Bank of Ghana to help address what the Governor described as a serious gap in the financial system.