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We have not banned opening of new Dollar accounts – Bank of Ghana refutes false media reports

October 14, 2023
We have not banned opening of new Dollar accounts - Bank of Ghana refutes false media reports
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The has dismissed reports that it has banned the opening of accounts.

In a public notice, the Central Bank said it has not issued any directive to local banks in this regard.

Written permission for all new Dollar accounts

Media reports had indicated that the Central Bank in a desperate measure to prevent the from further depreciating halted local banks from opening dollar accounts for customers without written express permission.

The reports further said the move, however, was not part of the measures the Central Bank is taking to arrest the free fall of the cedi.

However the regulator of the banking industry has described the reports as false and therefore customers must disregard them.

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