The Bank of Ghana has increased the biennial licence renewal fee for all licensed foreign exchange bureaux across the country from GH¢800 to GH¢2,000, representing a 150 percent increase.
According to the central bank, the upward review forms part of ongoing regulatory reforms aimed at strengthening oversight and ensuring the long-term sustainability of operations within the foreign exchange sector.
The central bank, in a statement dated October 24 said the revised fee takes immediate effect and applies to all licensed operators.
The Bank reminded all foreign exchange bureaux to renew their licences no later than two months before expiry, in line with Section 10 of the Foreign Exchange Act, 2006 (Act 723) and Paragraph 8 of Bank of Ghana Notice No. BG/GOV/SEC/2003/2 under the Revised Forex Bureau Regulations.
Source:Lovinghananews.com
