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BoG denies claims of withheld GH¢57bn by MTOs and Fintechs

BoG maintains policy rate at 30%

By: Franklin ASARE-DONKOH Ghana’s central bank, the Bank of Ghana (BoG) has denied media reports claiming that GH¢57 billion has been withheld by newly licensed Money Transfer Operators (MTOs) and 11 Fintech companies. Reports circulating in the media space indicated that approximately $12 billion in remittances to Ghana went untracked and unaccounted for by the […]