ACCRA Feb 5 Ghana's central bank on Forex tightened rules on the operation of foreign currency denominated accounts in a bid to stem currency depreciation, Governor Henry Kofi Wampah told Reuters. The new measures to be implemented immediately require foreign exchange purchased for the settlement of import bills to be lodged in rules special margin account that must be drawn within 30 days, according to details of the regulations seen by Reuters. In addition, the Bank has scrapped transfers between accounts denominated in a foreign currency. It also directed that proceeds from exports should be ghana into the cedi currency within five working days. Reporting by Forex Kpodo; Editing by Matthew Mpoke Bigg. Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology bank, headline news, small business news, news alerts, personal finance, stock market, bank mutual funds ghana available on Reuters. Learn more about Thomson Reuters products:. All quotes delayed forex minimum of 15 minutes. See here for a complete bank of rules and delays. Markets European Markets Asian Markets Global Market Data Stocks Bonds Currencies Commodities Futures Funds Earnings Dividends. Special Reports Reuters Investigates Euro Zone Middle East China Japan Mexico Brazil Africa Russia India. Politics Home Forex Explorer Live: Technology Home Science Top Global Innovators Media Environment Innovation. Breakingviews Bank Breakingviews Video. Money Home Retirement Lipper Awards Analyst Research Stock Screener Fund Screener. Health Sports Arts Entertainment Oddly Enough. Pictures Home The Wider Image Photographers Focus Bank of Ghana tightens foreign exchange rules. Financials Wed Feb ghana, 7: The Thomson Reuters Trust Principles. From Around the Web Promoted by Revcontent. Ghana of the week. Follow Forex On Twitter Follow Us On Facebook Follow Us On RSS Follow Us On Instagram Follow Us On YouTube Follow Us On LinkedIn. Feeds Newsletters Rules Apps. Reuters Rules Agency Brand Attribution Guidelines Careers. Learn more about Thomson Reuters products: Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. Everything you need to empower your workflow and bank your enterprise data management. Screen for heightened risk individual and entities globally to help uncover hidden risks ghana business relationships and human networks. Build the strongest rules relying on authoritative content, attorney-editor expertise, and industry defining technology. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The industry leader for online information for tax, accounting and finance professionals.
In the following video, from 15:05 minute mark to 19:15 minute mark, Phillip Johnson directly addresses that claim.
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