$ 22,987
$ 1,591.5
$ 88.53

GTBank Ghana Debits Customers For Trading In Crypto

Some customers of Guaranty Trust Bank Ghana have reportedly had their accounts debited for trading in cryptocurrency.

CoinNewsExtra reports that the bank, in a public notice issued on Monday said that only a ‘few customers were affected’.

According to the bank, such transactions were illegal, as stipulated by the Securities and Exchange Commission (SEC) in Ghana.

The bank noted that such platforms that facilitated the transactions did so without approval, warning customers to stay away from such unregulated firms.

The bank added that such accounts have also been reported to the country’s Securities and Exchange Commission (SEC).

“In reference to the public notices issued by the Securities and Exchange Commission (SEC) and Bank of Ghana (BoG), cryptocurrencies are not an approved legal tender in Ghana and the general public has been warned to desist from transacting in them as doing so is at their own risk. The online platforms on which they are traded have not been issued any license and for that matter, are not regulated. Hence, all merchants and platforms offering such cryptocurrencies are to be reported to Securities and Exchange Commission (SEC) Ghana for necessary action.

“The referenced debits are solely the FX differential between the unapproved FX rates applied on the crypto trading platforms and standard FX rates applicable to all other valid transactions advised by the Bank. GTBank Ghana has taken steps to engage individual customers who were involved in these transactions. The Bank remains a business operating under the laws in the financial industry and will not unduly cause its customers dissatisfaction in any regard.” the notice said.

Meanwhile, ‘modernGhana’, reports that some of the customers who alleged unlawful debits by the bank had besieged the bank premises on Monday to demand a reversal.


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Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin22,987 0.00 % 0.06 % 1.24 %
Ethereum1,591.5 0.11 % 0.68 % 4.20 %
Tether1.000 0.12 % 0.03 % 0.03 %
USD Coin1.000 0.10 % 0.05 % 0.09 %
BNB308.28 0.14 % 1.06 % 1.09 %
XRP0.4122 0.07 % 0.67 % 0.35 %
Binance USD0.9993 0.11 % 0.06 % 0.12 %
Cardano0.3872 0.15 % 2.27 % 6.47 %
Dogecoin0.09006 0.24 % 4.90 % 4.16 %
Polygon1.130 0.46 % 4.80 % 10.58 %