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Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and First Bank of Nigeria Ghana Limited.
The suspension takes effect from March 18, 2024, for one month and was announced on Monday by the Ghanaian apex bank.
The suspension comes in response to various breaches of foreign exchange market regulations which include incidents of fraudulent documentation within their foreign exchange operations.
The licence will be restored at the end of the one-month suspension period once the Bank of Ghana is satisfied that they have put in place effective controls to ensure strict adherence to regulations to the foreign exchange market.
According to the World Health Organisation Chief, Tedros Adhanom Ghebreyesu, Children are dying of starvation in Northern Gaza because of lack of food which has resulted in the deaths of ten children and severe levels of malnutrition as hospital buildings have been destroyed. The Hamas-run health ministry in Gaza reported yesterday that at least 15 children had died from malnutrition and dehydration at the Kamal Adwan hospital.
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