Delali Dzidzienyo
First National Bank (FNB) Ghana has announced a temporary arrangement with partner banks to complete foreign exchange transactions for and on behalf of the bank and its clients.
The announcement follows the temporary suspension of Forex License of FNB as well as Fidelity Bank, by the Bank of Ghana (BoG) for breaching sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct Rules.
The suspension of the Forex license has resulted in FBN temporarily halting the processing of new or pending foreign exchange transactions for 30 days due to ongoing engagements with the Bank of Ghana (BoG).
In a press release, the Head of Marketing and Corporate Affairs of the bank, Delali Dzidzienyo, stated that the bank is working with other partner banks to minimize any possible disruptions that may erupt as a result of the ongoing talks with the BoG.
He reaffirmed the Bank’s dedication to resolving their differences with BoG.
“As a bank, we hold ourselves to the highest operational and regulatory standards in every aspect of our business. We are committed to reaching an amicable resolution with the Bank of Ghana for the restoration of our Foreign Exchange license,” he stated.
By Jamila Akweley Okertchiri