Checks by GhanaWeb Business confirm that the United Bank for Africa (UBA) Ghana is in discussions with the Bank of Ghana (BoG) to resolve the suspension of its foreign exchange trading license.

Sources within the bank, who spoke on condition of anonymity, said management is engaging the central bank to address the issue “swiftly and transparently.”

GhanaWeb Business understands that the action by the central bank was triggered by the activities of third-party money transfer agents operating on the bank’s platform, which led to the suspension.

BoG suspends 'TapTap Send', 4 others for one month

The sources further assured customers of the safety of their funds and uninterrupted access to all banking services, stressing that operations remain fully functional despite the regulatory action.

“All customer deposits, transactions, and funds with UBA Ghana remain safe and secure. Our full suite of banking services continues without disruption,” one source familiar with the matter told GhanaWeb Business.

The bank also stressed its commitment to the highest standards of governance, transparency, and professionalism.

The bank further urged customers to continue their normal banking activities with confidence.

SSD/MA