BoG Suspends Remittance Partnerships With Taptap Send and Four Other Companies

The Bank of Ghana has implemented a one-month suspension on five Money Transfer Operators (MTOs) regarding their remittances partnership.

The suspension, commencing September 18, 2025, affects Taptap Send, Top Connect, Remit Choice, Send App, and Afriex.

According to a statement released by the central bank on Friday, this action is a result of multiple breaches of the Updated Guidelines for Inward Remittance Services by Payment Service Providers, 2023, as amended by Bank of Ghana Notice No. BG/GOV/SBC/2025/25.

The affected MTOs were involved in unauthorized remittance activities with PSPs – Halges Financial Technologies Limited, Cellulant Limited, and Flutterwave Inc., through their settlement bank, UBA Ghana.

The affected MTOs will be allowed to resume remittance activities after the suspension period, subject to re-application by their partner PSPs or banks for the Bank of Ghana’s consideration.