Barclays Financial institution Ghana has assured its status clients that it is doing work with the Financial institution of Ghana (Bathroom) on its foreign exchange-relate issues and will update them on the result.
The financial institution was on Monday fined an amount of money of ¢4,579,256.36 by the Lavatory for earning frivolous quotes on Ghana’s Interbank Foreign Exchange Industry.
“This action is in breach of the Ghana Interbank Forex Industry Conduct Procedures. The Financial institution of Ghana is fully commited to making sure sanity, transparency and promoting greatest tactics that serve to establish and deepen the Fx industry in Ghana,” Bathroom explained in a assertion.
“In pursuit of the above objectives, the Financial institution of Ghana will not hesitate to sanction any sector participant whose steps contravene Ghana’s Interbank Forex Current market Perform Rules,” the statement included.
Barclays in a statement copied to Myjoyonline.com mentioned: “For over 100 decades, we have contributed appreciably to the growth of the fiscal sector and Ghana’s overall economy.”
“We have delivered fiscal support to persons, enterprises and governments. We will go on to partner you for several far more yrs to arrive and support bring your options to lifetime,” the assertion extra.
Underneath is a duplicate of the total assertion:
Lender OF GHANA Press Release ON GHANA INTERBANK Foreign exchange Industry Conduct Rules
Adhering to Lender of Ghana’s detect on Barclays Financial institution Ghana Constrained, about forex connected challenges, we would like to tell you that we are partaking the Regulator on the issue and will update you of further developments.
We would also like to assure you that, we continue to be guided by robust governance structures embedded in our organisation and seem business enterprise rules in all our functions. We continue being highly liquid and effectively-capitalised to assist your banking requirements.
For in excess of 100 decades, we have contributed appreciably to the advancement of the financial sector and Ghana’s economic climate. We have presented money assist to individuals, corporations and governments. We will continue on to associate you for a lot of more a long time to come and help provide your possibilities to life.
Thank you for your ongoing loyalty.
Retail Banking Director