BoG Authorises 15 FX Brokers Operation on Interbank FX Market
The Bank of Ghana (BoG) has provided authorization to 15 FX Brokers to operate on the Ghana Interbank FX market.
Their authorization came into effect on January 1, 2025, in accordance with Section 3.13.1 of the Ghana Interbank Forex Market Conduct rules.
“The Bank of Ghana has given authorisation for the underlisted FX Brokers to operate on the Ghana Interbank FX market effective January 01, 2025, to December 31, 2025,” a statement issued by the Central Bank said.
That notwithstanding, it warned that it reserves the right to delist any authorised FX Broker for non-performance or non-compliance with the Foreign Exchange Act 2006 (Act 723), the Interbank FX Market Conduct rules and the Post Authorisation Guidelines for Forex Brokers.
The list of authorized institutions are IC Securities, SIC Brokerage, Black Star Brokerage, Serengeti Limited, Obsidian Acherner, Regulus, Sarpong Capital, Terika Financial Services Ltd, Laurus Africa, Shadeya International Investments Ltd and Savvy Securities.
The rest are GFX Brokers, Crown Agents (Cross-Border Payments and Financial Services Providers), CSL Capital (Cross-Border Payments and Financial Services Providers) and StoneX Financial Limited (Cross-Border Payments and Financial Services Providers).
Source: opemsuo.com/Hajara Fuseini
