Ghana fines Absa unit for ‘frivolous’ forex quotes
Banking regulator fines Barclays Bank of Ghana $859,000 for foreign-exchange practices
03 June 2019 - 23:03
Acra — Ghana’s banking regulator penalised the local unit of Absa for making “frivolous quotes” on the domestic foreign-exchange market.
The Bank of Ghana fined Barclays Bank of Ghana 4.6-million cedis ($859,000) as it seeks to develop practices that will deepen the local market, the regulator said in a statement on its website...
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