Bank of Ghana Releases List of Authorized FX Brokers for 2025

By:Kenneth Appiah Bani.

The Bank of Ghana has announced the list of authorized foreign exchange (FX) brokers for 2025. These brokers are allowed to operate in Ghana’s FX market from January 1, 2025, to December 31, 2025.

Authorized FX Brokers

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
14. CSL Capital
15. StoneX Financial Limited

Rules for FX Brokers

To keep their license, FX brokers must follow these rules:

1. Send daily reports: Share pricing and volume information with the Bank of Ghana every day.
2. Follow market rules: Obey the Ghana Interbank FX Market Conduct rules.
3. Renew license: Apply for a new license by the first week of December every year.
4. Tell us about changes: Inform the Bank of Ghana about any big changes, like mergers or takeovers.
5. Don’t trade against customers: Don’t buy or sell currency for your own benefit.
6. Don’t hold currency: Don’t keep currency for yourself or lend it to others.
7. Work with banks: Only work with banks in the FX market.
8. Charge fair fees: Charge customers fair fees for your services.
9. Protect against cybercrime: Keep your systems safe from cybercrime.
10. Use fair prices: Use prices based on real market transactions.

Rules for Cross-Border Payments and Financial Services Providers

1. Send daily reports: Share pricing, volume, and source of funds information with the Bank of Ghana every day.
2. Use fair prices: Use prices based on real market transactions.
3. Work with few banks: Only work with up to five banks for currency transactions.
4. Renew license: Apply for a new license by the first week of December every year.
5. Tell us about changes: Inform the Bank of Ghana about any big changes, like mergers or takeovers.
6. Protect against cybercrime: Keep your systems safe from cybercrime.
7. Don’t work with money transfer operators: Don’t work with companies that transfer money on behalf of others.

This information was sighted on the official Bank of Ghana website.