The Bank of Ghana has formed a committee to investigate foreign currency seized at the country's borders. This group will look into how undeclared foreign money is moved through Ghana's airports and border points.
The committee is called the Preliminary Investigation Committee on Seized Foreign Currency. Its formation is part of the Bank of Ghana's efforts to address this issue.
Governor Dr Johnson Pandit Asiama said the initiative is designed to close a significant gap. This gap relates to the movement of undeclared foreign currency.
The committee's work will help ensure that all foreign currency transactions comply with regulations.
This action by the Bank of Ghana signals a commitment to strengthening financial controls at entry and exit points.
Further details on the committee's specific mandate and initial findings are expected.