The Bank of Ghana (BoG) has announced amendments to the rules governing the import and export of foreign currency, effective September 1, 2025, as part of its anti-money laundering measures.
Under the revised guidelines, travellers may carry up to US$10,000 (or its equivalent) without declaration. Amounts exceeding this threshold must be declared in full using the official Foreign Currency Declaration Form (FX-5). Inbound travellers carrying over US$10,000 must also provide proof of declaration from their port of origin.
Outbound travellers carrying more than US$50,000 are required to declare the funds and provide supporting documents such as endorsed foreign exchange bureau receipts and bank slips.
Importers must submit valid documentation, including Import Declaration Forms, invoices, and contracts where applicable.
The central bank warned that failure to comply with the rules could result in immediate seizure of funds, fines, or criminal prosecution. It further emphasized that foreign currency cannot be transported via mail or cargo, and such funds will be confiscated by the state.
Source: AdomOnline
READ ALSO:
