Despite claims by the government that it does deny reports that the Bank of Ghana intends to outlaw the operation of bank accounts in foreign currencies,sources of OMGghana.com can confirm that plans are in in place to stop the use of dollar account as possible as it can.
We can confirm that claim by Deputy Finance Minister, Seth Tekper only a half the plans of the government.According to the minister,
Opening a Foreign Currency Account is a legal requirement and until parliament passes
a new law, that remains so. But there is a difference between using that account for
It comes up as one of the measures to arrest the sharp decline of the cedi. The domestic currency has lost about 20 percent of its value to the US dollar since the beginning of the year and there are fears one may soon need 2 cedis to purchase one dollar.