6/18/ · Forex bureau business is lucrative in Ghana and other West African countries. It is a vibrant business in Nigeria and Ghana, as well as neighbouring countries like Togo and Benin. Bureau de Change as referred to in most of these countries also carries very high risk. But if well managed, the business is one of the most profitable in the blogger.com: Joseph Amponsah The regulatory and legal framework within which banks, non-bank financial institutions as well as forex bureaux operate in Ghana are the following: Bank of Ghana Act , Act Bank of Ghana (Amendment) Act, (Act ) Banks and Specialised Deposit-Taking Institutions Act, (Act ) Non-Bank Financial Institutions Act, (Act ) COMMUNITY 6, Tema, Ghana. View Map. Phone Number. Mobile phone. Website. blogger.com Working hours
Here Are The 11 Well Paid And Richest Journalists In Ghana [With Photos] - GhPage
Forex bureau business is lucrative in Ghana and other West African countries, well paid forex bureau in ghana. It is a vibrant business in Nigeria and Ghana, as well as neighbouring countries like Togo well paid forex bureau in ghana Benin. Bureau de Change as referred to in most of these countries also carries very high risk. But if well managed, the business is one of the most profitable in the region.
The forex market in the region is not as big and deep, nor as active and regulated as those found in Europe and America, but the system is functional and demand for the service is high. The fragmented monetary units and the vibrant regional trade makes forex trade an active one especially around the borders and within the major trading hubs.
The region is heavily cash-based and this is where forex bureaus come in handy. In Ghana, forex bureaus are licensed before they begin active operations. Prior to that, a provisional license could be issued, pending your meeting certain requirements. The first step you take is to incorporate a business. Then you apply to the central bank Bank of Ghana for an operating license. In Ghana, no person shall carry on any forex bureau business unless is in possession of a forex bureau license.
It is an offense to operate this business in Ghana without a license. A forex bureau may be established by any eligible corporate body or institution duly licensed by the Bank of Ghana to well paid forex bureau in ghana foreign currency and draft and sell foreign currency.
A forex bureau applicant however must be of a Ghanaian nationality. An applicant shall first register with the Registrar of Companies, a company with the sole object of carrying on the business of a forex bureau. An application for a forex bureau license must be made on the prescribed application form obtained at a fee from Banking Department, after clearance from Banking Supervision Department of the Bank of Ghana.
In considering any application, the following must be satisfactory. An approval in principle may be granted subject to the fulfillment of certain conditions or without conditions, or even refuse to grant a license without assigning any reason. The market may not be big but can be very volatile.
West African currencies have not been particularly stable in the past, especially the Ghana cedi. Such volatilities may be good or bad for the business depending on your expertise.
If you are well paid forex bureau in ghana, you can ride the tide and make lots of money in this well paid forex bureau in ghana. There is no magic formula or strategy to succeed in the business. However, these tips may be helpful, well paid forex bureau in ghana. The Foreign Exchange Act and other regulations and guidelines are there to constantly improve the industry.
Renewal of license is mostly subject to satisfactory conducts such as keeping proper registers and books of accounts required, attainment of satisfactory turnover and net worth as may be prescribed by the bank of Ghana, compliance with timely submission and accuracy of regulatory returns to the Banking Supervision Department of Bank of Ghana. Failure to meet renewal requirements may lead to withdrawal of license and the closure of the forex bureau.
Licenses could also be suspended when the regulations are not followed. A forex bureau can also voluntarily request for the suspension or closing of business if it is facing some difficulties.
Also, remember that a forex bureau license is neither transferable nor assignable. I buy and sell of major currencies and also a holder of offshore accounts in USA,Dubai and China, I can transfer and deposit any amount of money to your client, also into import and export of goods but my major field is the money transfer and buying and selling of currencies, well paid forex bureau in ghana.
we can share contacts if you are interested. Your email address will not be published. There are several players within this chain The drinks we consume on daily basis usually go through at least three entities before reaching Home Banking Money Store More Store Page Gone.
Connect with us. What Gets Small Businesses Up from the Ground. These 5 Drawbacks Could be The Reasons Why You Are Not Hired. From Broke to Billions: 5 Strategies These Billionaires Used to Get Rich. Forex market in the region The forex market in the region is not as big and deep, nor as active and regulated as those found in Europe and America, but the system is functional and demand for the service is high.
How to start In Ghana, forex bureaus are licensed before they begin active operations. Running the business The market may not be big but can be very volatile, well paid forex bureau in ghana. Continue Reading. You may also like Related Topics: BusinessHow to start and operate a forex bureau in Ghanainsightinsights. Aziz December 26, at pm. Joseph Amponsah January 2, at pm. Hello Aziz Thanks for reaching out. Will keep you in mind.
Hello Aziz Thanks for reaching out to us. All the best in your business. Leave a Reply Cancel reply Your email address will not be published. More in Insights. Insights Overwhelming Opportunity in Cashew Farming and Trading By Joseph Amponsah July 18, Insights How to Make Money Selling Foodstuffs in Ghana By Joseph Amponsah July 7, Insights INSIGHT: Make Money Distributing Drinks By Joseph Amponsah July 1, Insights: Cassava farming in Ghana; the business in it.
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, time: 3:22Aims Afrique Bureau Ltd. (Tema, Ghana) - Contact Phone, Address
1/8/ · Bola Ray. Born Nathan Kwabena Anokye Adisi, Bola Ray is regarded as one of the most successful Media personalities in recent times in Ghana. Besides being a very popular Radio Presenter, Bola Ray is also the CEO of both the EIB Network and Empire Group of blogger.comted Reading Time: 30 secs 3/26/ · Even if you time to check your platform everyday some brokers will send you statements of your account. Ghana is becoming a playing filed for Forex trading and will take informed investors to take advantage of the Global Financial Market. MICHAEL N.L LAMPTEY e-mail: [email protected] t: + skype: micnn1Estimated Reading Time: 5 mins COMMUNITY 6, Tema, Ghana. View Map. Phone Number. Mobile phone. Website. blogger.com Working hours
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