
Non-Compliance with Remittance Guidelines and Remittance Reporting for Comprehensive Monitoring
It has come to the attention of the Bank of Ghana that some Banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs) and Money Transfer Operators (MTOs) continue to violate the Foreign Exchange Act, 2006 and the Updated Guidelines for Inward Remittance Services by Payment Service Providers despite several cautions and reminders.