The Bank of Ghana (BoG) has suspended several international money transfer companies, including Wise, Zeepay, XOOM, LemFi, and others, from sending remittances into the country. This suspension is a result of the BoG’s efforts to enforce the Payment Systems and Services Act, 2019 (Act 987), which regulates payment services in Ghana. The central bank asserts … Continue reading Ghana’s Central Bank suspends Wise, LemFi and other IMTOs for operating without regulatory approval