Tag: International Money Transfer
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Ghana Unveils Stricter Rules for International Money Transfer Operators
Overview: A New Framework for IMTOs in Ghana In a move aimed at strengthening financial integrity and supervision, the Bank of Ghana has published comprehensive guidelines governing the registration and ongoing operations of International Money Transfer Operators (IMTOs). The new framework seeks to streamline how money moves into Ghana, bolstering transparency, consumer protection, and regulatory…
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Ghana Sets New Rules for International Money Transfer Operators (IMTOs)
Overview of the new IMTO guidelines The Bank of Ghana has unveiled comprehensive regulatory guidelines aimed at International Money Transfer Operators (IMTOs) operating within and into the country. The new framework seeks to formalize registration, strengthen compliance, and improve supervision of international money transfers flowing into Ghana. By establishing clear standards, the central bank intends…
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BoG Unveils New Regulatory Guidelines for International Money Transfer Operators in Ghana
Overview: A New Regulatory Era for IMTOs in Ghana The Bank of Ghana (BoG) has published comprehensive guidelines governing the registration and operations of all International Money Transfer Operators (IMTOs) operating in or targeting Ghana. The move signals a decisive step toward strengthening the safety, transparency, and efficiency of cross-border remittances, while ensuring that money…