 has confirmed that existing rules on foreign exchange withdrawals remain unchanged.){kind=link}
The Bank of Ghana (BoG) has confirmed that existing rules on foreign exchange withdrawals remain unchanged.
In a notice issued Thursday, May 15, the BoG stated that over-the-counter (OTC) cash withdrawals from Foreign Currency Accounts (FCA) and Foreign Exchange Accounts (FEA) are still allowed.
Non-account holders can also buy up to $10,000 per trip for travel, with valid documents.
The central bank also confirmed that cheques and cheque books remain valid for FCA and FEA accounts.
This follows public speculation after BoG board member Isaac Adongo suggested possible tighter controls. However, the BoG said it has not reviewed or planned to change current measures.
The public and banks are advised to comply with existing regulations.