Bank of Ghana Guidelines for Vostro Accounts
Summary
The Bank of Ghana has issued new guidelines for the operation of Vostro accounts by non-resident banks with resident banks in Ghana. These guidelines aim to provide regulatory clarity and operational direction for maintaining and using these accounts.
What changed
The Bank of Ghana has published new guidelines specifically addressing the operation of Vostro accounts by non-resident banks that maintain accounts with resident banks in Ghana. The document, dated March 5, 2026, aims to clarify regulatory requirements and provide operational direction for these financial arrangements.
Non-resident banks utilizing Vostro accounts in Ghana must review these guidelines to ensure compliance with the Bank of Ghana's directives. While specific compliance deadlines are not detailed in this announcement, affected institutions should consult the full downloadable PDF for operational requirements and any associated timelines or reporting obligations to maintain their Vostro accounts.
What to do next
- Review the "Guidelines for the Operation of Vostro Accounts by Non-Resident Banks" PDF.
- Ensure all Vostro account operations comply with the new regulatory clarity and operational direction.
- Consult with legal and compliance teams regarding any necessary updates to internal policies and procedures.
Source document (simplified)
NEWS
Home News Guidelines for the Operation of Vostro Accounts by Non-Resident Banks
Guidelines for the Operation of Vostro Accounts by Non-Resident Banks
The Bank of Ghana hereby issues these Guidelines to provide regulatory clarity and operational direction regarding the maintenance and use of Vostro accounts by non-resident banks with resident banks in Ghana.
Guidelines for the Operation of Vostro Accounts by Non-Resident Banks
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