
Ghana issues directive for commercial banks to curb misdeclarations, under-invoicing and non-reporting
The Bank of Ghana (BoG) has issued a directive to all commercial banks demanding foreign companies operating in the country register a Technology Transfer Agreement (TTA) with the Ghana Investment Promotion Centre (GIPC).
The directive comes in the wake of a wave of investigations into several banks suspected of breaching money transfer regulations, and banks or persons who flout the directive will be sanctioned.
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