Importers urged to use credit cards when travelling abroad
The Executive Secretary of the Importers and Exporters Association of Ghana, Sampson Asaki Awingobit, has advised members of the business community to load funds onto their credit cards instead of carrying large amounts of cash when travelling.
This follows the Bank of Ghana’s issuance of new guidelines on how much foreign currency travellers can carry when entering or leaving the country.
The Central Bank has stated that travellers are not permitted to carry more than US$10,000 when entering or leaving Ghana.
Carrying Over $10,000?: GRA Customs requires full declaration under new guidelines
Awingobit explained, “You can load more than US$10,000 onto your credit or Visa card. If you need to purchase goods above that amount, it should be done through a proper bank-to-bank transaction. That’s why we are encouraging the business community to sign up for credit cards and use them for international trade.”
The Bank of Ghana’s directive, issued on August 27, 2025, is grounded in the Foreign Exchange Act, 2006 (Act 723), the Anti-Money Laundering Act, 2020 (Act 1044), and the Customs Act, 2015 (Act 891) as amended by the Customs (Amendment) Act, 2020 (Act 1014).
The notice, which takes effect on September 1, 2025, applies to all travellers entering or leaving Ghana by air, sea, or land, as well as importers.
Bank of Ghana issues new guidelines for inward remittance services into Ghana
According to the guidelines, travellers may carry up to US$10,000 (or its equivalent in any other foreign currency or monetary instrument) without declaration.
SSD/MA
