GFTRSB

We foster financial stability and confidence in the financial market
and enhance protection for customers, investors and the insured.

We foster financial stability and confidence in the financial market and enhance protection for customers, investors and the insured.

FOCUS OF THE SUPERVISORY AUTHORITIES

The Ghana Fund Transfer Regulatory And Supervisory Board which is the Federal Financial Supervisory Authority of Ghana has declared that fighting illegal money remittance business and fighting money laundering and terrorist financing within the context of money remittance business are in the focus of supervision in the year 2020.

This underlines the particular importance that the supervisory authorities attaches to money remittance business. The level of supervision in this area is expected to further increase in the coming years.

STAMPING

Stamping is the making of an impression on a legal document. Under the Stamp Duty Act, all security documents are required to be duly and properly stamped to render them admissible in evidence and enforceable in the courts of Ghana. An unstamped or insufficiently stamped document will therefore not be admitted into evidence in court and a person cannot rely on it to make his/her case.