Sunday, 14 June

Bank of Ghana extends IMTO registration deadline to July 31

Business
Bank of Ghana

The Bank of Ghana (BoG) has extended the deadline for the registration of existing International Money Transfer Operators (IMTOs) in Ghana to July 31, 2026.

In a notice dated June 12, 2026, the central bank said the extension follows its earlier directive issued on January 20, 2026, regarding the registration and operations of IMTOs under the Guidelines for the Registration and Operations of International Money Transfer Operators.

The Bank urged all existing IMTOs to use the extension period to regularise their operations and submit the required documentation before the new deadline.

According to the notice, IMTOs that fail to meet the registration requirements by July 31 will not be permitted to operate in Ghana.

The Bank further stated that any existing arrangements or partnerships between non-compliant IMTOs and Banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs) would become null and void.

It added that entities that fail to comply may be subject to additional regulatory and enforcement actions under applicable laws.

The Bank of Ghana directed all regulated institutions to ensure strict compliance with the directive.

For enquiries or technical assistance, stakeholders have been advised to contact the Payment Systems Department of the Bank of Ghana through info.paymentsystems@bog.gov.gh.

Source: classfmonline.com