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NOTICE
Notice on Extension Period for Letter of Commitment – LOC
Pursuant to Section 15(4) of the Foreign Exchange Act, 2006 (Act 723), and
Notice No. BG/GOV/SEC/2016/03 on Rules on Repatriation of Export Proceeds,
the Bank of Ghana hereby issues this directive to introduce a structured
framework to limit the number of extensions granted for Letters of Commitment
(LOC).