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The Bank of Ghana (BoG) has reaffirmed existing measures regulating foreign exchange withdrawals and forex purchases for international travel, in accordance with the Foreign Exchange Act, 2006 (Act 723).
In a public notice issued on May 15, 2025, and signed by the Secretary of the Bank, Ms. Sandra Thompson, the BoG clarified that over-the-counter (OTC) cash withdrawals in foreign currency from Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA) remain permissible.
The statement also reiterated that forex purchases by individuals without FEA or FCA accounts for travel outside Ghana are allowed but capped at US\$10,000 or its equivalent per person, per trip. This transaction must be supported by a valid passport, visa, and a confirmed travel ticket, in line with earlier guidance stated in BoG Notice No. BG/GOV/SEC/2014/09.
In addition, the issuance and use of cheques and cheque books on FEA and FCA accounts are still allowed.
The BoG also emphasized that it has not considered any changes to these policies at this time, urging all financial institutions and the public to continue complying with the existing framework.
