BOG Archives -

Bank of Ghana suspends Taptap Send over regulatory breaches

The Bank of Ghana (BoG) has issued a one-month suspension of Taptap Send’s remittance services with commercial banks, Dedicated Electronic Money Issuers (DEMIs), and Enhanced Payment Service Providers (EPSPs) in the country. The suspension, which take effect from November 8, 2024, is a response to regulatory violations involving a cedi remittance wallet operated by Taptap […]

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Revocation of UniCredit’s license done in accordance with the law-Supreme Court

The Supreme Court says it is satisfied that the revocation of UniCredit Ghana Limited’s license was done in accordance with the stipulated law appearing on the face of the record. “We are satisfied that on the face of the record, that there was evidence of hearing between UniCredit and Bank of Ghana (BOG) prior to

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Amend Bank of Ghana Act — IEA

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The Director of Research of the Institute of Economic Affairs (IEA), Dr John Kwakye, has proposed an amendment to the terms and conditions of the service of Board of Directors of the Bank of Ghana so that their allowances will be determined by Parliament to insulate the bank from Executive control. He said allowing the

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