Declare $10K+ when entering, leaving Ghana – BoG

Declare $10K+ when entering, leaving Ghana – BoG

The Bank of Ghana (BoG) has announced that any person arriving in, or departing from Ghana carrying in excess of $10,000 shall declare the amount using the Currency Declaration Form (CDF) indicating the source and purpose for carrying such an amount…

The Bank of Ghana (BoG) has announced that any person arriving in, or departing from Ghana carrying in excess of $10,000 shall declare the amount using the Currency Declaration Form (CDF) indicating the source and purpose for carrying such an amount.

Failure to do so or a false declaration according to the Central Bank shall lead to the seizure and/or forfeiture of all the currency or monetary instruments, and may be subject to penalties and/or criminal prosecution.

“If you have someone else carrying the currency or monetary instrument for you, you must also declare at the point of entry or exit,” the BoG said in a statement.

Persons carrying up to $10,000 or its equivalent in any other monetary instruments shall not make any declaration.

Monetary instruments, according to the Central Bank, include coins, currency, traveller’s cheques and bearer instruments such as personal or cashier cheques, bearer shares and bonds.

“Transportation of currency through mails or cargo is strictly prohibited and such amounts shall be confiscated to the state,” the statement added.

Source:koowaa.com/Kwame Baffoe Agyekum

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