Consolidated Bank Ghana Resumes Forex Trading Operations After Licence Restoration

Consolidated Bank Ghana

Source: Africa Publicity

Consolidated Bank Ghana (CBG) has announced the resumption of its foreign exchange trading operations, effective December 4, 2024, following the restoration of its forex trading licence by the Bank of Ghana (BoG).

Key Highlights:

– CBG’s forex trading licence was temporarily suspended due to multiple violations of market regulations.
– The bank worked closely with the regulator to address all compliance issues, leading to the restoration of its licence.
– Customers can now access CBG’s comprehensive foreign exchange services, including buying and selling foreign currencies, at all branches nationwide.
– The bank apologized for any inconvenience caused by the suspension and expressed gratitude to its customers for their patience and continued trust.

In a statement, CBG management reiterated its commitment to providing a simple, secure, and differentiated banking experience while ensuring full regulatory compliance.

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