Consolidated Bank Ghana (CBG) has announced the resumption of its foreign exchange trading operations following the restoration of its forex trading license by the Bank of Ghana (BoG). The license had been temporarily suspended due to multiple violations of market regulations.

In a statement, CBG management confirmed that the bank worked closely with the regulator to rectify compliance issues, resulting in the license’s reinstatement on December 4, 2024.

“CBG is pleased to announce that the Bank of Ghana has restored our foreign currency trading license. We have fully resumed all foreign currency services at our branches effective that date,” the statement said.

Customers can now access a range of foreign exchange services, including the buying and selling of foreign currencies, at all CBG branches nationwide.

The bank apologized for any inconvenience caused during the suspension and expressed gratitude to its customers for their patience and continued trust. “At CBG, we value our stakeholders and remain committed to providing a simple, secure, and differentiated banking experience while ensuring full regulatory compliance,” the statement concluded.

Source: TheDotNews