BoG warns that a breach of remittance guidelines will attract severe sanctions

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The Bank of Ghana has reminded players in the remittance business of the need to play by the rules or face severe consequences.

In a statement, the central bank reiterated all the guidelines as provided by law and warned that “Non-compliance will result in severe sanctions including the withdrawal of the licence of the institution in breach.”

Find below the full statement from BoG:

 

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