Home Business Barclays Lender Ghana fined over GH¢4.5m for making frivolous estimates

Barclays Lender Ghana fined over GH¢4.5m for making frivolous estimates

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Barclays Africa Team Ltd formally altered its title to Absa Team Ltd Wednesday, 11 July, 2018




The Bank of Ghana (Lavatory) has fined the Barclays Bank Ghana an amount of money of GH¢4,579,256.36 for building frivolous quotations on Ghana’s Interbank International Trade Marketplace.

“This motion is in breach of the Ghana Interbank Currency trading Sector Carry out Regulations.The Bank of Ghana is dedicated to making certain sanity, transparency and promoting finest procedures that serve to produce and deepen the Fx market in Ghana,” Bathroom stated in a statement.

“In pursuit of the over goals, the Financial institution of Ghana will not be reluctant to sanction any current market participant whose steps contravene Ghana’s Interbank Forex Market place Carry out Policies,” the assertion extra.





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