Declare excess of $10k – BoG to travellers - News Summed Up

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Declare excess of $10k – BoG to travellers


Business News of Monday, 29 April 2019Source: kasapafmonline.comDeclare excess of $10k – BoG to travellersGovernor of Bank of Ghana, Dr. Ernest AddisonThe Bank of Ghana has announced that henceforth, travelers, arriving in or departing Ghana with money worth over $10,000.00 must declare using the currency declaration form at the point of entry. In a statement, the bank however, noted travelers with $10,000.00 are free to move on without declaration. 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. However where the amount is in excess of $10,000.00, the whole amount shall be declared using the Currency Declaration Form (CDF) indicating the source and purpose for carrying such an amount. “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 09:00 UTC



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