What does it take to get a remittance licence in Ghana?
To hold a remittance licence in Ghana, you need the International Money Transfer Operator licence from Bank of Ghana. Published timeline: Processing: grant/refuse within 90 days of a complete application. No stated registration-validity period. 1 entity currently holds a remittance licence in Ghana. Full requirements — minimum capital, local presence, timeline, local ownership, fees and ongoing obligations — are set out below in each instrument's own words, with source and date; amounts are in the statute's own currency.
“Cross-border remittance” here is the normalized activity: Provide inbound/outbound cross-border money transfer / remittance services under a dedicated licence, approval or registration (IMTO/MRP/MTSP/ADLA-type).
Activity id (as used by the Afriset MCP): fintech:REMITTANCE_XBORDER
International Money Transfer Operator
Bank of Ghana| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | No such requirement: No BoG minimum-capital figure published for IMTO registration — a registration-via-partnership regime, not a capital-based licence; the guidelines set no capital amount. | BoG — Guidelines for the Registration and Operations of IMTOs in Ghana | 2025-12 |
| Local presence / incorporation | No local-incorporation requirement. IMTO need only be licensed in its home country + register with BoG; Ghana presence is via a licensed local partner/agent (bank/SDI/PSP) and a local settlement account. Verbatim“The IMTO must have been registered or licensed in its home country as an IMTO or Remittance company. … A registered IMTO shall carry out its business through an agent … … a designated local settlement account(s) on behalf of the IMTO.” | BoG — Guidelines for the Registration and Operations of IMTOs in Ghana | 2025-12 |
| Timeline | Processing: grant/refuse within 90 days of a complete application. No stated registration-validity period. Verbatim“The Bank of Ghana shall either grant or refuse the application, within ninety (90) days of receiving a complete application.” | BoG — Guidelines for the Registration and Operations of IMTOs in Ghana | 2025-12 |
| Local ownership | No such requirement: No local-ownership requirement stated — shareholding/UBO disclosure only, no Ghanaian-equity threshold. | BoG — Guidelines for the Registration and Operations of IMTOs in Ghana | 2025-12 |
| Fees | Not officially published: A non-refundable processing fee to BoG is required, but the amount is not published in the guidelines. No licence/annual-fee figure stated. | BoG — Guidelines for the Registration and Operations of IMTOs in Ghana | 2025-12 |
| Ongoing obligations | Scope: inward person-to-person remittances only (no outbound, no deposit-taking/lending/FX-trading, no holding client funds). Settlement: in Ghana cedis via a designated local settlement account under an SLA with ≥1 universal bank. AML/CFT/CPF: AML Act 2020 (Act 1044) + BoG/FIC 2025 Guidelines; KYA. Reporting: electronic monthly return by 9th working day; STRs to FIC within 24h. Records ≥6 years. Material change: notify BoG 30 days ahead. Verbatim“IMTO services shall … operate on a 'person-to-person transfer' basis. … Settlement … shall be done in local currency. … the Anti Money Laundering 2020 (Act 1044), BOG/FIC AML/CFT/CPF Guidelines, 2025. … An electronic monthly data return … by the ninth (9th) working day of the ensuing month.” | BoG — Guidelines for the Registration and Operations of IMTOs in Ghana | 2025-12 |
Requirements as published in the cited instruments — not legal or compliance advice. Capital and fees are shown in the currency the statute itself uses. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · changed 2026-08-04.
Who already holds this licence?
1 entity is on the Bank of Ghana register under the International Money Transfer Operator category — view the register .
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