The Bank of Ghana (BoG) has officially addressed misleading reports that MTN Ghana had been authorized to carry out cross-border transactions with MTN Nigeria.
In a statement released recently, the central bank set the record straight and emphasized that these claims were untrue.
According to BoG, no license has been granted to MTN Ghana to engage in cross-border financial activities with MTN Nigeria.
The statement sought to correct any confusion that might have been caused by the circulating rumors and reaffirms the bank’s role in regulating such transactions within Ghana’s financial framework.
The BoG’s clarification is vital in ensuring that the public is not misled by false information. By publicly addressing the issue, the central bank also reinforced its commitment to overseeing and maintaining the integrity of the financial system.
BoG has stressed that it remains vigilant in monitoring all financial transactions and ensuring they are in strict compliance with Ghanaian laws.
With this official response, the public is assured that MTN Ghana does not have the legal backing to engage in cross-border transactions with MTN Nigeria.
The statement serves as a reminder of BoG’s ongoing efforts to provide transparency in Ghana’s financial sector and prevent any misinterpretation of its regulatory decisions.
