Regulatory Alerts2020-06-22
Ghana Interbank Forex Market Conduct
The Bank of Ghana issued these conduct rules to regulate interbank foreign exchange business and establish ethical, transparent standards for Licensed Foreign Exchange Dealers (LFXDs) and FX brokers. The framework mandates binding two-way quotes, standardized market hours, timely trade reporting on Reuters and Bloomberg platforms, and strict prohibitions against frivolous quoting and position parking. Compliance is enforced through daily and monthly data submissions, a formal penalty regime, and clear dispute resolution procedures to maintain market integrity and deepen Ghana’s foreign exchange ecosystem.
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