BoG inaugurates committee to probe seized foreign currency at Ghana’s borders
The Bank of Ghana (BoG) has inaugurated a Preliminary Investigation Committee on Seized Foreign Currency as part of efforts to address the movement of undeclared foreign currency through Ghana’s airports and border points.
The Bank of Ghana (BoG) has established a Preliminary Investigation Committee to investigate the seizure of foreign currency at Ghana's borders, in an effort to combat undeclared currency movement through the country's airports and border points. Governor Dr Johnson Pandit Asiama highlighted this initiative to improve the monitoring and investigation of foreign currency seized by authorities, aiming to address a critical gap in Ghana's financial system.
He emphasized that the unreported movement of currency poses risks, including money laundering, tax evasion, and other illicit financial activities, as well as weakening financial intelligence available to authorities. The committee collaborates with the Ghana Revenue Authority, Ghana Airports Company Limited, the National Security, the Economic and Organised Crime Office (EOCO), the Financial Intelligence Centre, and the Attorney General's Office to secure Ghana's borders, markets, and resources.
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