Bank Of Ghana fines and suspends the Forex License of Zeepay from 27th November to 8th December 2023.

By
Rachel Ward Nunoo
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In a publication made to the General Public by the Bank of Ghana, it states that the forex license of Zeepay has been suspended and the company has also been fined.

This suspension was due to the fact that they were against Clause 7.3(a) which states that the settlement bank shall use the average interbank exchange rate published by the Ghana Association of Banks on the day the transfer is received or as prescribed by the Bank of Ghana for conversion of settlement funds into local currency.

Zeepay being a forex trading company and a financial institution however has breached this law is being fined by the Bank of Ghana.

Zeepay

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Author

  • Zeepay

    Racheal Ward Nunoo is a Psychology graduate, content writer, and blogger
    with a passion for research, education, and digital communication. Her
    academic background in psychology provides her with a unique perspective
    on human behavior, society, and contemporary issues, allowing her to
    create content that is both insightful and relatable.

    As a writer, Racheal specializes in producing well-researched and
    engaging content across a wide range of topics, including history,
    lifestyle, technology, education, and social issues. She is committed
    to delivering accurate, informative, and thought-provoking articles
    that help readers better understand the world around them.

    With a strong appreciation for storytelling and knowledge sharing,
    Racheal combines analytical thinking with creativity to transform
    complex subjects into clear, accessible, and engaging content. Her work
    reflects a dedication to quality, credibility, and audience engagement,
    making her a versatile contributor in today's evolving digital media
    landscape.

    Whether exploring historical events, discussing emerging technologies,
    examining social trends, or creating educational content, Racheal aims
    to inform, inspire, and spark meaningful conversations through her
    writing.

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Rachel Ward Nunoo
Rachel Ward Nunoo

Racheal Ward Nunoo is a Psychology graduate, content writer, and blogger with a passion for research, education, and digital communication. Her academic background in psychology provides her with a unique perspective on human behavior, society, and contemporary issues, allowing her to create content that is both insightful and relatable.

As a writer, Racheal specializes in producing well-researched and engaging content across a wide range of topics, including history, lifestyle, technology, education, and social issues. She is committed to delivering accurate, informative, and thought-provoking articles that help readers better understand the world around them.

With a strong appreciation for storytelling and knowledge sharing, Racheal combines analytical thinking with creativity to transform complex subjects into clear, accessible, and engaging content. Her work reflects a dedication to quality, credibility, and audience engagement, making her a versatile contributor in today's evolving digital media landscape.

Whether exploring historical events, discussing emerging technologies, examining social trends, or creating educational content, Racheal aims to inform, inspire, and spark meaningful conversations through her writing.