CBG Resumes Forex Trading Operations Following Licence Restoration
Consolidated Bank Ghana (CBG) has announced the resumption of its foreign exchange trading services after the Bank of Ghana (BoG) restored its forex trading licence.
The licence, which had been temporarily suspended due to violations of market regulations, was reinstated on December 4, 2024, following CBG’s successful resolution of compliance issues.
In a statement, CBG’s management expressed gratitude to the BoG and assured customers of the bank’s readiness to deliver on its mandate.
“CBG is pleased to announce that the Bank of Ghana has restored our foreign currency trading licence. We have fully resumed all foreign currency services across our branches,” the bank stated.
The restoration allows CBG to offer a range of forex services, including the buying and selling of foreign currencies, at all branches nationwide.
The bank apologized to customers for the inconvenience caused by the suspension and acknowledged their patience and loyalty.
“At CBG, we value our stakeholders and remain committed to providing a simple, secure, and differentiated banking experience while ensuring full regulatory compliance,” the statement added.
CBG’s management emphasized its dedication to maintaining high compliance standards to avert future regulatory breaches.
