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BoG will shut down authorized forex bureaus soon

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BoG will shut down authorized forex bureaus soon

According to the Bank of Ghana, authorized foreign exchange offices that are not abiding by the law will soon be shut down.

After conducting various field exercises to assess the level of compliance with some agencies in the city, Central Bank officials said.

There is a perception that certain operators’ actions have aided in currency market speculation, which has a negative impact on the stability of the cedi.

Dr. Joseph France, the Central Bank’s head of financial stability, stated that his organization will not hesitate to halt the operations of any currency bureaus proved to be at fault and engaged in illegal activity.

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He also said that the Central Bank has started looking into complaints about certain forex bureaus that aren’t following the rules governing foreign exchange.

Additionally, he said that some foreign exchange bureaus set forward rates incorrectly and fail to give receipts.

“We’ve started looking into a few complaints. According to what we’ve heard, some companies don’t send out receipts, and others are also setting forward rates, which is awful. We’ll make sure they all succeed commercially.

“We will close their bureaus to act as a deterrence to others when we are done with the investigations and it justifies it,” he said.

This, according to the Bank of Ghana, is one of the steps being taken to slow the fast depreciation of the cedi.

Therefore, it urged all authorized foreign exchange bureaus in the nation to act in accordance with the applicable legislation.

It expressed confidence in its ability to restore some normalcy to the nation’s FX market.

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BUSINESS

Entrepreneur Cum Hairstylist, Millicent Tetteh Starts “Mimi De Hairdresser” In Accra

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Entrepreneur and professional hairstylist, Millicent Tetteh has commissioned her new office, “Mimi De Hairdresser” in Accra yesterday in a grand style.

The event which was held on 25th November, 2023 saw bloggers and influencers gracing the occasion. It was indeed a spectacle to behold as many a man were treated with a gracious reception. As for ladies who needed braids and special hair treatment, they were treated pleasingly by the order of the Peaky Blinders on a softer note.

“Mimi De Hairdresser” located in Madina Estate near “Bag  and Save”  supermarket offer the following hair services; extensions, braid caps, installations, braids, nails, pedicure, manicure, piercing, salon services, et al. In fact, they offer all services as far as hair is concerned. They also are available for home services. They open every day from 9AM to 8pm.

Connect with “Mimi De Hairdresser” on the following social media fora;

Instagram: @iammimidehairdresser

Snapchat: aj_mimi8

Also contact Mimi on 0543565688.

 

Have a glimpse of the opening event and venue from below.

 

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BUSINESS

Jucad Pharmacy Introduces Kidics Syrups To Boost Babies Appetite To Help Them Grow Well And Healthy

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Jucad Pharmacy is one of the trusted registered pharmaceutical companies we have in motherland Ghana, fully registered under the company code 1963 (Act 179) and approved by the Food and Drug Administration (FDA).

Jucad Pharmacy is here again with another quality, affordable, and result-providing pharmaceutical product dubbed ‘Kidics Syrup’.

Kidics contains vitamins B and lysine to boost your child’s appetite, as well as other multivitamins and minerals that will boost your child’s growth and immune system. Babies between the ages of 6 months and 12 years who can’t eat well need Kidics Syrup.

For customers in Kumasi, kindly go to Danny Pharma and Osons Chemist; in Accra, distributors should get in touch with Darose Pharmacy, Base Line Pharmacy, & Blepomen Pharmacy. TAKWA: Kekule pharmacy, etc.

KIDICS SYRUP ALSO CONTAINS:
Each 5ml.(One teaspoonful)                                  contains:
Vitamins A palmitate B.P.    1500 IU
Vitamin D3 B.P.          100IU
Vitamin E( Acetate) B.P.     3mg
Vitamin B1 B.P.  1.5mg
Vitamin B2 B.P.   1.5mg
Vitamin B6. B.P.   1mg
Vitamin B12 B.P.   1.5mcg.
Niacinamide B.P.    5mg
Vitamin C B.P.        30mg
D-Panthenol B.P.     2.5mg
L-Lysine Hydrochloride.  U S.P.    40mg
Ferrous Gluconate  B.P.   60mg
eq. to elemental Zinc 5mg.
Magnesium Gluconate U.S.P. 185.41 mg.
eq.to elemental Magnesium 10mg.
Flavored syrupy bas.       q.s.
Overages of vitamins added to compensate loss on storage.
Dosage: As directed by the physician
Storage: Store in a cool,dry place
Protect from light.
Keep all medicines out of reach of children.

SHAKE WELL BEFORE USE.

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