• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

BoG Sanctions Flutterwave, Cellulant and Halges Financial Over Remittance Breaches

2 days ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
111
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

BoG Sanctions Flutterwave, Cellulant and Halges Financial Over Remittance Breaches

The Bank of Ghana (BoG) has imposed regulatory sanctions on three Payment Service Providers (PSPs) for breaches of the Updated Guidelines for Inward Remittance Services by Payment Service Providers, 2023, as amended by Bank of Ghana Notice No. BG/GOV/SEC/2025/25.

In a statement issued on Thursday, the central bank announced the suspension of remittance partnerships of Flutterwave Inc. and Cellulant Ghana Limited for one month, effective September 18, 2025, after the institutions were found to have violated paragraphs 5 and 7.1 – 7.3 of the guidelines.

Halges Financial Technologies Limited has also been barred from undertaking any remittance activities unless prior approval is granted by the BoG.

The sanctions follow findings that the affected PSPs engaged in unauthorised remittance operations on behalf of several Money Transfer Operators (MTOs) — including Top Connect, Send App, Taptap Send, Remit Choice and Afriex — through their settlement bank, United Bank for Africa Ghana Limited (UBA).

“All remittance partnerships between these PSPs and MTOs are hereby suspended. Any bank or MTO seeking to engage the affected PSPs for remittance services in the future must re-apply for approval after the suspension period has lapsed,” the central bank stated.

The regulator cautioned all market players to strictly comply with the guidelines governing inward remittance services and applicable foreign exchange market regulations, warning that non-compliance will attract further sanctions.

RelatedPosts

Why China is Pouring Billions into Brazil’s Energy and Oil

UBA Ghana Assures Customers of Deposit Safety Amid Forex License Suspension

Verstappen Claims Historic Pole Position at Monza with Record-Breaking Speed

Find below the notice by the Central Bank:

Tags: BoG Sanctions FlutterwaveCellulant and Halges Financial Over Remittance BreachesRemit ChoiceRemittanceSend AppTaptap SendTop Connect

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Burkina Faso Seeks to Ease Worries Around Mining Stake Plans

Gold Stocks Break 2011 Record High as Investors Seek Safe Havens

Sports Minister Kofi Adams Urges Black Stars to Secure Victory Against Mali

Sabalenka Retains US Open Crown with Record $5 Million Prize Money

Lamentation at Nigeria’s Foreign Missions

From the Continent, For the Continent: Building Homegrown Instant Payment Systems to Drive Financial Inclusion in Africa

Trending

Features

Why China is Pouring Billions into Brazil’s Energy and Oil

September 7, 2025

Why China is Pouring Billions into Brazil’s Energy and Oil China has boosted investments in Brazil to...

UBA Ghana Assures Customers of Deposit Safety Amid Forex License Suspension

September 7, 2025

Verstappen Claims Historic Pole Position at Monza with Record-Breaking Speed

September 7, 2025

Burkina Faso Seeks to Ease Worries Around Mining Stake Plans

September 7, 2025

Gold Stocks Break 2011 Record High as Investors Seek Safe Havens

September 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.