Taptap Send, a prominent money transfer company, has resumed its operations in Ghana following a month-long suspension due to a directive from the Bank of Ghana (BoG).
The company was forced to halt services between November 8 and December 8, 2024, after BoG flagged its use of an offshore cedi wallet as a violation of Ghana’s banking and foreign exchange laws.
The BoG directive also required all financial institutions partnering with Taptap Send to suspend their services during this period.
However, on December 4, 2024, ahead of the expected one-month suspension, the central bank lifted the restriction, enabling Taptap Send to resume operations.
In a statement released on December 9, the company confirmed that money transfers from the UK, Europe, Canada, the USA, and the UAE to Ghana could now resume.
“We understand how important it is for you to stay connected and support your family, and we’re thrilled to bring this service back,” the statement read.
Darryl Mawutor Abraham, Head of TapTap Send Africa, expressed gratitude towards the customers for their patience during the suspension.
“We are excited to resume transfers to Ghana for the thousands of Ghanaians who have come to rely on TapTap Send for their money transfers in the past years,” he said.
He also reaffirmed the company’s commitment to fully complying with all relevant regulations moving forward.
Taptap Send, a global fintech company, offers digital-only cross-border money transfer services, working through regulated entities in the UK, Europe, the USA, Canada, and the UAE. Despite the suspension, the company’s regulatory status remains intact, and it remains committed to serving the Ghanaian diaspora in full compliance with local laws.