• 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 Banking & Finance

BoG debunks reports of placing restrictions on foreign exchange account holders

3 years ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
84
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

BoG debunks reports of placing restrictions on foreign exchange account holders

The Central Bank, has denied social media reports of slapping restrictions on holders of foreign exchange accounts (FEA) and foreign currency accounts (FCA) in a move to halt the fast depreciating cedi.

Taking to its official Twitter page on Thursday, October 27, the apex bank described as “false” the social media reports of placing restrictions on foreign exchange accounts.

Reports were rife on social media platforms that the central bank has imposed new controls on the movement of foreign currencies in the country in a move meant to address the downward spiral of the cedi.

 

The cedi, since the beginning of this year has fallen in value by some 60% against the dollar, making it the world’s worst performing currency against the greenback.

RelatedPosts

Gold Price Bounces Back Above $4,000

Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns

BoG Maintains High Short-Term Yields, Raises GHS3.13bn in Auction as Investor Demand Stays Firm

At the moment, engagements between the BoG, the Ghana Association of Bankers (BoG) and the Forex Bureau Association are ongoing.

The engagement is targeted at putting in place measures to stem the depreciation of the cedi by controlling forex circulation in the country as well as the overwhelming demand for the dollar.

Tags: Bank of GhanaBoG debunks reports of placing restrictions on foreign exchange account holderscedidollar
No Result
View All Result

Highlights

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

GSE Opens Week Positive as Financial Stocks Lift Market Indices

Kyei-Mensah-Bonsu Lauds GoldBod’s Role in Boosting Ghana’s Economic Recovery

Sixteen Teams Confirmed for CAF Confédération Cup Group Stage as Giants, Debutants and Drama Define Final Qualifiers

Al Ahly, Sundowns and AS FAR Lead Star-studded TotalEnergies CAF Champions League Group Stage Field

FIFA Launches Second Phase of World Cup Ticket Sales, Focus on Host Nations

Trending

Business

Gold Price Bounces Back Above $4,000

October 28, 2025

Gold Price Bounces Back Above $4,000 Gold clawed back some losses after plunging below $4,000 an ounce...

Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns

October 28, 2025

BoG Maintains High Short-Term Yields, Raises GHS3.13bn in Auction as Investor Demand Stays Firm

October 28, 2025

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

October 28, 2025

GSE Opens Week Positive as Financial Stocks Lift Market Indices

October 28, 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.