Effective Sept. 18, 2025, the Bank of Ghana (BoG) is suspending all remittance partnerships of Taptap Send, Top Connect, Remit Choice, Send App, and Afriex for one month.
Why it matters
The suspension temporarily halts these Money Transfer Operators (MTOs) from working with local partners, potentially disrupting some inbound remittance flows into Ghana.
Driving the news
BoG says the firms breached the Updated Guidelines for Inward Remittance Services by Payment Service Providers (2023), as amended by Notice No. BG/GOV/SEC/2025/25.
The central bank cites unauthorised remittance activities conducted with PSPs Halges Financial Technologies, Cellulant, and Flutterwave, via settlement bank UBA Ghana.
Details
The one-month suspension covers all remittance partnerships of the five named MTOs in Ghana.
The directive was issued Sept. 4, 2025 by BoG’s Communications Department and takes effect Sept. 18, 2025.
What they’re saying
BoG cautioned foreign exchange market players to strictly adhere to forex market regulations and guidelines.
What’s next
The MTOs may re-engage in remittance activities only after the suspension period, and only if their partner PSPs or banks re-apply and BoG approves.
The big picture
Ghana’s regulator is signaling tighter enforcement of cross-border payments rules, aiming to curb unauthorised flows while keeping remittance channels compliant.
