Post Authorisation Conditions as an FX Broker, 2021 🇬🇭

Ghana

Notice bog-pac

Post Authorisation Conditions as an FX Broker, 2021

Commenced on 22 March 2021
[This is the version of this document from 22 March 2021.]

a.On each trading day, authorised FX brokers shall be required to send to the BoG an interim report mid-day and end of day report when the market closes and should cover pricing and volumes. This report shall be sent to fxbrokers@bog.gov.gh;

b.FX brokers shall adhere to all applicable requirements under the Ghana Interbank FX Market Conduct rules. Bank of Ghana (BoG) shall impose penalties and/or revoke authorisation if any FX broker is deemed to have deviated from any of the Ghana Interbank FX Market Conduct rules;

c.An FX broker shall apply for a renewal of authorisation as an FX broker in Ghana by the end of the first working week of December of every calendar year;

d.Restructuring of the FX broker, e.g. mergers, takeovers and any other significant changes (e.g. change of company name, etc.); must be reported to the BoG without delay. In …

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