The Bank of Ghana has released the list of authorised foreign exchange (FX) brokers permitted to operate on the Ghana Interbank FX Market for the calendar year 2025.

The authorisation, effective from January 1, 2025, to December 31, 2025, ensures that these brokers comply with Section 3.13.1 of the Ghana Interbank Forex Market Conduct Rules.



According to the rules, “Local and International FX Brokers who want to operate in Ghana’s forex market are required to obtain prior approval from the Bank of Ghana at the beginning of every calendar year.”

1. IC Securities
2. SIC Brokerage
3. Black Star Brokerage
4. Serengeti Limited
5. Obsidian Acherner
6. Regulus
7. Sarpong Capital
8. Terika Financial Services Ltd
9. Laurus Africa
10. Shadeya International Investments Ltd
11. Savvy Securities
12. GFX Brokers
13. Crown Agents (Cross-Border Payments and Financial Services Providers)
14. CSL Capital (Cross-Border Payments and Financial Services Providers)
15. StoneX Financial Limited (Cross-Border Payments and Financial Services Providers)



Compliance and post-authorisation conditions

The Bank of Ghana emphasised its authority to delist any FX broker for non-performance or non-compliance with the Foreign Exchange Act 2006 (Act 723), the Interbank FX Market Conduct Rules, and the Post-Authorisation Guidelines for Forex Brokers.

The authorised brokers must adhere to several post-authorisation conditions, including submitting daily reports on pricing and volumes, refraining from holding or trading forex for their own accounts, and maintaining robust systems against cybercrime.

Additionally, cross-border payments and financial services providers must align pricing with market dynamics and ensure partnerships with no more than five banks for forex flow termination.

Source: Graphiconline.com