The Bank of Ghana has taken decisive action against individuals and businesses that have violated financial regulations. In a recent move, the central bank has sanctioned 47 individuals and 245 business entities, prohibiting them from issuing cheques and accessing new credit facilities for the next three years.
This decisive measure aims to maintain the stability and integrity of the financial system in Ghana. The sanctions are likely a result of financial misconduct or other regulatory violations committed by the affected individuals and businesses.
The restrictions will prevent the sanctioned entities from issuing cheques and accessing new credit facilities for a period of three years, effective immediately. This move by the Bank of Ghana demonstrates its commitment to enforcing financial regulations and protecting the interests of consumers and the broader financial sector.
