The Bank of Ghana (BoG) has extended the deadline for the registration of International Money Transfer Operators (IMTOs) operating in Ghana to July 31, 2026, giving existing operators additional time to comply with regulatory requirements.
In a notice issued to IMTOs, banks, Specialised Deposit-Taking Institutions (SDIs) and Payment Service Providers (PSPs), the central bank said the extension follows its earlier directive issued in January 2026 on the registration and operations of money transfer companies in Ghana.
The Bank is urging all existing IMTOs that have not yet completed the registration process to take advantage of the extension and submit the required documentation before the new deadline.
However, the regulator warned that operators that fail to comply within the stipulated period will not be permitted to continue operating in Ghana.
“Consequently, any existing arrangements or partnerships with Banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs) shall be rendered null and void”, the statement indicated.
The central bank further cautioned that non-compliant operators could face additional regulatory sanctions and enforcement actions under applicable laws.
The directive forms part of ongoing efforts by the Bank of Ghana to strengthen oversight of the remittance sector, enhance regulatory compliance and promote the integrity of cross-border money transfer services.
The Bank has also instructed all regulated financial institutions to ensure strict adherence to the directive and to verify that their IMTO partners meet the registration requirements before continuing any business relationship.
The extension is expected to provide operators with a final opportunity to regularise their status as the Bank intensifies efforts to strengthen governance and compliance within Ghana’s growing remittance ecosystem.
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