Most Recent. In BUSINESS.




Bank of Ghana fines and suspends forex licence of Zeepay Ghana Limited

The Bank of Ghana has fined and suspended the forex licence of Zeepay Ghana Limited for breaching Inward Remittance Guidelines and the Foreign Exchange Act. This unprecedented action signals a crackdown on forex irregularities. The suspension could significantly impact Zeepay’s business and the Ghanaian economy, considering the company’s key role in remittance channels. The Bank warns all forex market players to strictly follow regulations to avoid penalties.