First National Bank implements special arrangements amid forex license suspension

First National Bank has announced that it has established special arrangements with its partner banks to facilitate foreign exchange transactions on behalf of its customers.

This development comes after the Bank of Ghana temporarily suspended First National Bank’s forex license.

In a statement, First National Bank emphasized its commitment to adhering to the highest operational and regulatory standards across all aspects of its business.

The bank also expressed its resolve to work amicably with the Bank of Ghana in order to have its foreign exchange license restored.

Delali Dzidzienyo, the Head of Marketing and Corporate Affairs at First National Bank, reiterated the bank’s dedication to upholding the highest standards.

Mr. Dzidzienyo stated, “As a bank, we maintain the utmost operational and regulatory standards in every facet of our business. We are fully committed to reaching a mutually agreeable resolution with the Bank of Ghana to restore our Foreign Exchange license.”

These arrangements will enable the initiation and completion of foreign exchange deals on behalf of First National Bank and its clients, if the need arises during this period.

Source: Ghana Business