15/06/2026
Breaking Business News
The Government of Ghana sets strict financial rules
The Bank of Ghana is giving international money transfer apps and institutions more time until July 31, 2026, to register with the government. According to the informations gathered, this extra time given is to ensure that families in Ghana will not experience any sudden stops when receiving cash from relatives working & earning abroad or overseas. We are also informed that local banks are advised to closely watch their global partners during this window to ensure their partners submit their paperwork correctly.
Now, for Ghanaians living overseas, this update means you can keep sending money home safely without any immediate disruptions or blocked transfers. However, global money apps must treat this extension as their absolute last chance to follow Ghana's strict financial rules. According to the informations received, indicating any foreign company that misses this July deadline will be banned from the country, cutting off their business completely. We learnt that this new development is set to ultimately enable the central bank to stop illegal or hidden cash transfers by bringing every operator under a single rulebook, as to whether registered operator's financial transfers or transactions are monitored by this system, we are not disposed to such informations yet
But what we know is, local shops should find backup payment methods right now just in case their favorite money app gets shut down. Getting every company to register by the deadline will make sending money much safer, easier and cheaper for everyone. Would some companies care to abide?
MTN Ghana Telecel Ghana AT Ghana Ecobank Ghana
Note: The central bank has explicitly warned individuals and financial institutions to completely avoid or ignore unapproved or unlicensed platforms such as ACE Money Transfer, Remit Union, Eversend, and Nairagram, which are banned from operating in Ghana