Bank of Ghana dismisses reports about freeze on new dollar accounts

The Bank of Ghana has dismissed reports that it has banned the opening of new dollar accounts in the country.

In a public notice, the Central Bank said it had not issued any directive to local banks in that regard.

"Public Notice: Bank of Ghana has not issued any directive to local banks to stop the opening of new dollar accounts," the bank tweeted.

Public Notice: Bank of Ghana has not issued any directive to local banks to stop the opening of new dollar accounts. pic.twitter.com/ileuPgxBFT

— Bank of Ghana (@thebankofghana) August 15, 2022

Reports

The reports had claimed that the Bank of Ghana had in a last-ditch measure halted local banks from opening of new dollar accounts for customers without written express permission from the Central Bank.