Menu

BoG suspends UBA's foreign exchange trading licence

This article is closed for comments.

Read Comments Comments (18)

  • JESUS IS GOD 1 year ago

    Jesus Christ loves you and wants to save you from sin and its consequences. Vanity upon vanity—everything in this world is meaningless without Him. He died on the cross for your sins, was buried, and rose again on the third ...
    read full comment

  • JAY,GA PEOPLE STAND UPP 1 year ago

    WELL DONE BOG!!!THESE DIRTY STINKY NIGERIANS THINK THEY CAN DO WHAT THEY WANT IN GHANA.

  • Helen 1 year ago

    Nigeria

  • Zyogote 1 year ago

    Good one there.The banks giving the dollar to ABOTSI should follow suit

  • Kojo 1 year ago

    Suspension is not enough.. Fine them, else they will keep violating BOG FX directives

  • Kwaku 1 year ago

    BOG FX directives makes zero sense. They shoud stop the nonsense

  • Kwame 1 year ago

    If the suspension is to "close" FX leakages and ensure long term FX/GHS stable rates. I'm all for it.
    I also agree with Kojo, they should be fined.

  • Kwaku 1 year ago

    Ask yourself why there are leakages in the first place. FX is based on the basic economics principles of demand and supply.
    If demand is high or if supply is low, the black market thrives. It is that simple. Attempting to re ...
    read full comment

  • Kwame 1 year ago

    So what do you suggest the govt do to ensure staable FX/GHS rates?

  • ninja 1 year ago

    The government should allow momo merchants to deal in forex. Abotsi will collapse.

  • Bug 1 year ago

    Greed is fuelling the DEMAND here, the banks are ready to supply e dollar transfer and wire for importers of essential goods not useless stuffs....

  • KWASI IN EUROPE 1 year ago

    In fact, the NDC and the Bank of Ghana is run by fools. The exchange rate of 1 dollar= 10.30 cedis is a very stupid utopic dream. There are no dollars in the banks. Ghanaian importers get their dollars from the black marke ...
    read full comment

  • Divine 1 year ago

    What's your interest in a poor performing Cedi?
    Get out there with your foolishness and allow brains at BoG to run the show

  • Yawa 1 year ago

    The dollar issue is a demand and supply thing. Increase export earnings and let it outstrip imports and then we will have a stable forex regime. Beyond that, everything else of politics

  • AM 1 year ago

    The suspension is not enough. Please, arrest the culprits and prosecute them.

  • Bitter truth 1 year ago

    As usual, bank of Ghana has allowed a criminal Nigerian bank to be committing fraudulent act..Tweakai I wonder how people even trust these fraudulent banks..like someone rightly said suspension is not enough, close it down if ...
    read full comment

  • Nii 1 year ago

    About time. UBA is meddling in illicit activities. Sanction a hefty fine to dissuade such crimes.

  • YEW 1 year ago

    BoG should GO AFTER PRUDENTIAL BANK GHANA CROOKS AND OTHER LOCAL GHANA BANKSTERS AND CROOKS THAT ARE CHEATING PEOPLE GHANA AND MAKE IT HARD FOR FOLKS TO GET MONEY SENT TO THEM FROM OVERSEAS