Wednesday, April 15

Tag: United Bank for Africa

From Classroom to Corporate: My UBA Internship Experience
Article

From Classroom to Corporate: My UBA Internship Experience

Written by Wendy Adobea Osei, Central University When my school handed me an internship letter to submit to United Bank for Africa Ghana Ltd., I had no idea how transformative the experience would be. Submitting that letter with hope, waiting for a response, and finally receiving the call to begin my internship marked the start of a journey filled with growth, learning, and discovery. Before joining UBA, I shared a common perception that banks only dealt with money, accounts, and financial transactions. However, my internship experience has completely changed that perspective. I have come to see that banks are complex institutions with diverse departments, each contributing uniquely to the overall success of the organization. I had the privilege of being placed in the Marketing an...
Bank of Ghana Suspends UBA Ghana’s Forex Trading Licence Over Regulatory Breaches
Business

Bank of Ghana Suspends UBA Ghana’s Forex Trading Licence Over Regulatory Breaches

The Bank of Ghana has suspended the Foreign Exchange Trading Licence of United Bank for Africa (UBA) Ghana, effective September 18, 2025, for a period of one month. The decision, taken in accordance with section 11(2) of the Foreign Exchange Act, 2006 (Act 723), follows multiple breaches of the country’s foreign exchange market regulations. According to the central bank, UBA Ghana engaged in unauthorised remittance activities with three Payment Service Providers (PSPs) – Halges Financial Technologies Limited, Cellulant Limited, and Flutterwave Inc. – on behalf of Money Transfer Operators (MTOs), namely Top Connect, Send App, Taptap Send, Remit Choice, and Afriex. The Bank of Ghana noted that these actions contravened the Updated Guidelines for Inward Remittance Services by Payment...
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