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Fidelity Bank Ghana LTD has responded to claims that it sold dollars to the Electricity Company of Ghana (ECG) at rates different from the ones announced by the Bank of Ghana.
The company in a statement insisted that the allegation “is false and misleading, and we have not had any FX deal with ECG at a rate that is not in line with the prevailing market rate.”
Fidelity Bank Ghana responds to allegations of FX mismanagement
Below is the full statement from the bank on the claim:
Accra, March 4th, 2024 – Fidelity Bank Ghana LTD (Fidelity Bank) issues this statement in response to recent allegations made by Bright Simons regarding purported “sweetheart” exchange rate deals with the Electricity Company of Ghana (ECG).
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