List of Forex Exchange Bureaux in Ghana

What are the authorised forex exchange bureaux in Ghana?

According to the Bank of Ghana’s Revised Forex Bureau Regulations and related directives, a Forex Bureau is a corporate body or institution of Ghanaian nationality, which is duly licensed by the Bank of Ghana with the sole object of carrying on the business of buying foreign currency and drafts, and selling foreign currency to the public.

Key Operational Characteristics (as per BoG Directives):

1. Sole Business: Their registered name must include “Forex Bureau” or “Bureau de Change,” and their primary or sole purpose is foreign exchange trading.
2. Authorised Activity: They are authorised to engage only in spot transactions (immediate delivery of currency) and are explicitly prohibited from forward dealings or illegal activities like “Black Market” operations.
3. Licensing: They must be licensed by the Bank of Ghana, and this license must be displayed on the premises and renewed annually.
4. Transaction Limit: The maximum value per transaction at a forex bureau is currently restricted by the BoG (e.g., typically a limit of US$10,000 as stated in various BoG notices).
5. Legal Standing: Along with universal banks, Forex Bureaux are the only institutions licensed by the BoG to trade foreign currencies in Ghana.

Forex Exchange Bureaux in Ghana

Ghana has 369 BoG authorised forex exchange bureaux in Ghana.

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Below is a list of the Bank of Ghana’s authorised forex exchange bureaux in Ghana.