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Foreign Exchange Act, 2006 🇬🇭

Ghana

Table of Contents

Coat of Arms
Republic of Ghana


The seven hundred and twenty-third

Act

of the parliament of the republic of ghana
entitled

Foreign Exchange Act, 2006

  • Published by Government Gazette on 29 December 2006
  • Assented to on 29 December 2006
  • Commenced on 29 December 2006
AN ACT to provide for the exchange of foreign currency, for international payment transactions and foreign exchange transfers; to regulate foreign exchange business and to provide for related matters.ENACTED by the President and Parliament

Authority of Bank of Ghana and licensing

1. Authority of Bank of Ghana

(1)The Bank of Ghana is the licensing, regulatory and supervisory authority to give effect to this Act.
(2)The Bank may require a person who is resident or who conducts business in the country to
(a)furnish the Bank with details of part or the whole of that person's foreign exchange transactions; or
(b)provide returns in a form prescribed by the Bank accompanied with details of that person's foreign exchange transactions.

2. Responsibility of Bank o…

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