Business News of Monday, 29 April 2019Source: Myjoyonline.comBoG cautions public against undeclared import, export of foreign currencyThe public has been cautioned against the undeclared importation and exportation of foreign currencyThe Bank of Ghana (BoG) has cautioned the public against the undeclared importation and exportation of foreign currency. Any person arriving in or departing from Ghana is permitted to carry up to $10,000.00 or its equivalent in any other monetary instruments without declaration. If you have someone else carrying the currency or monetary instrument for you, you must also declare at the point of entry or exit. Failure to declare or a false declaration shall lead to the seizure and/ or forfeiture of all the currency or monetary instruments, and may be subjected to penalties and/ or criminal prosecution. c. Monetary instruments include coins, currency, traveller’s cheques and bearer instruments such as personal or cashier cheques, bearer shares and bonds.

Source: GhanaWeb April 29, 2019 11:37 UTC