Verbatim sentences from the source article.
The Ghanaian Times
… It explained that the activities associated with those wallet services fell within areas regulated under the Payment Systems and Services Act, 2019 (Act 987), the Foreign Exchange Act, 2006 (Act 723), and other applicable laws. …
BoG warns financial institutions against unauthorised foreign currency platformsJoy Online
… These arrangements typically involve activities that require authorisation under the Payment Systems and Services Act, 2019 (Act 987), the Foreign Exchange Act, 2006 (Act 723), and other regulatory requirements. …
Refrain from unauthorised fiat currency wallet services – BoG to banks, electronic money issuersJoy Online
… The Bank of Ghana stated that these activities require authorisation under the Payment Systems and Services Act, 2019 (Act 987), the Foreign Exchange Act, 2006 (Act 723), and other regulatory requirements. …
Bank of Ghana orders financial institutions to stop supporting foreign currency crypto walletsJoy Online
… According to the central bank, these fast-growing crypto-to-fiat bridges actively violate several cornerstone financial regulations, including the Payment Systems and Services Act, 2019 (Act 987) and the Foreign Exchange Act, 2006 (Act 723). …
BoG pulls the plug on unregulated crypto forex channelsThe Bank of Ghana has directed all regulated financial institutions to discontinue support for unauthorised foreign currency wallet services offered by some cryptocurrency platforms to users in Ghana. The BoG said those platforms have not been authorised to undertake such activities and institutions that support them risk supervisory and enforcement sanctions.
3 hours ago · The Ghanaian Times →
The Bank of Ghana has directed all regulated financial institutions to discontinue support for unauthorised foreign currency wallet services offered by some cryptocurrency platforms to users in Ghana. The BoG said those platforms have not been authorised to undertake such activities and institutions that support them risk supervisory and enforcement sanctions.
3 hours ago · The Ghanaian Times →
The Bank of Ghana has directed banks and other regulated financial institutions to stop facilitating unauthorised fiat currency wallet services, particularly those denominated in foreign currencies offered by certain crypto platforms to users in Ghana. The Central Bank states the platforms lack authorisation under payment and foreign exchange legislation, and warns that non-compliance may result in supervisory or enforcement actions.
15 hours ago · Joy Online →
The Bank of Ghana has ordered all regulated financial institutions to stop supporting fiat currency wallet services in foreign currencies, particularly US dollars, offered by crypto platforms to users in Ghana. The central bank stated that crypto platforms have not been authorized to undertake such activities and are required to comply with payment systems, foreign exchange, and other regulatory requirements.
21 hours ago · Joy Online →
The Bank of Ghana has directed all regulated financial institutions to immediately cease ties with cryptocurrency platforms operating illicit foreign currency wallets in the country. The central bank says these digital wallet operations, which allow users to bypass standard banking channels and are funded via bank transfers, mobile money, and credit cards, violate the Payment Systems and Services Act, 2019 and the Foreign Exchange Act, 2006.
13 June 2026 · Joy Online →