The Bank of Ghana (BoG) has reinstated the Foreign Exchange Trading Licence of United Bank for Africa (UBA) Ghana Limited, effective October 19, 2025, following the bank’s full compliance with the conditions that led to its earlier suspension.
In a statement issued by the BoG’s Communications Department on Friday, October 17, 2025, the central bank noted that the decision to lift the suspension came after a review confirmed that UBA Ghana had implemented all required remedial measures to the satisfaction of the regulator.
“The Bank of Ghana hereby gives notice of the lifting of the suspension of the Foreign Exchange Trading Licence of United Bank for Africa (UBA) Ghana Limited, effective 19 October 2025,” the statement read in part.
It added that the decision followed “UBA’s adherence to the suspension conditions imposed and the implementation of remedial measures that have been reviewed and found satisfactory by the Bank.”
The BoG reaffirmed its commitment to upholding the integrity of Ghana’s foreign exchange market, emphasizing that all licensed market participants are required to operate strictly within the provisions of the Foreign Exchange Act, 2006 (Act 723), and other relevant regulatory guidelines.
The Bank of Ghana in recent times has intensified regulatory oversight of financial institutions engaged in foreign exchange trading to ensure transparency, stability, and compliance within the market.
The post Bank of Ghana Reinstates UBA Ghana’s Foreign Exchange Trading Licence appeared first on The Ghanaian Chronicle.
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