At a meeting with bank heads in Bank Square on Tuesday, October 6, 2026, Bank of Ghana Governor Dr Johnson Asiama warned that compliance with the central bank’s foreign‑exchange rules remains non‑negotiable. The governor said the BoG is consolidating its various operational notices and guidelines issued under the Foreign Exchange Act into a single compendium to give banks clearer guidance on foreign‑currency accounts, international transfers and trade payments.
“This is intended to provide greater clarity on requirements relating to foreign exchange transactions, including foreign currency accounts, international transfers, and trade payments,” Asiama explained. He added that the consolidation would not dilute existing obligations, insisting that banks must maintain proper documentation, appropriate internal controls and use funds strictly for their stated purposes.
The governor also said the BoG will continue to strengthen its oversight of the FX market to preserve stability and integrity within the financial system.
