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 initiative, according to the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, is intended to close a significant gap […]
The Bank of Ghana (BoG) has established a Preliminary Investigation Committee on Seized Foreign Currency to tackle the issue of undeclared foreign currency entering Ghana through its airports and border points. This move, according to the BoG Governor, Dr Johnson Pandit Asiama, aims to bolster the country's financial system by enhancing monitoring and investigation procedures for foreign currency seizures.
The committee's formation comes in response to concerns about the potential risks associated with undeclared currency flows, including money laundering, tax evasion, and the weakening of financial intelligence available to authorities. The BoG is collaborating with several government agencies, including the Ghana Revenue Authority, Ghana Airports Company Limited, National Security, the Economic and Organised Crime Office (EOCO), the Financial Intelligence Centre, and the Attorney General’s Office, to ensure the effective implementation of this initiative.
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