Bank of Ghana reinstates UBA Ghana’s forex trading licence

Story By Williams Agyapong On October 19, 2025, 3:05 AM

The Bank of Ghana has lifted the suspension of the Foreign Exchange Trading Licence of United Bank for Africa (UBA) Ghana Limited, effective October 19, 2025.

In a statement released on Friday, October 17, the Central Bank announced that the decision comes after UBA Ghana fully complied with the terms of the suspension and successfully implemented corrective measures.

These measures were reviewed by the Bank and found to be satisfactory.

The Bank of Ghana reaffirmed its commitment to maintaining the integrity of the foreign exchange market, stressing that all licensed participants must operate in strict adherence to the Foreign Exchange Act, 2006 (Act 723), and other applicable regulatory guidelines.

It further assured that it will continue to monitor the operations of market participants to ensure transparency, accountability, and stability within the forex market.

Below is the full statement

Bank of Ghana Suspension United Bank of Africa