Travelex, a leading global foreign exchange company has iterated its commitment to the Ghanaian foreign exchange market as it considers it a strategic market for the company.

To this end, the company has engaged the Central Bank and some commercial banks in the country to take stock of the company’s performance over the years and chart the way forward.

Addressing the press in Accra, the Head of Wholesale Banknotes and Director at Travelex in the UK, Angela Smith, disclosed that some management members of the company paid a working visit to Ghana to discuss their value propositions to its stakeholders.

According to the Head of Wholesale Banknotes and Director at Travelex, the COVID-19 pandemic has affected businesses including Travelex resulting in the revenue decline but she was confident that the company will bounce back, noting that the company’s outlook looks brighter.

“For this post-COVID-19, we are trying to link with our clients to get back our business running. There is now a very positive outlook”.
Angela Smith

Angela Smith highlighted the milestones achieved by Travelex since its establishment. She averred that working with the Ghanaian foreign exchange market has created new opportunities for the company with new experiences.

“We are one of the market-leading specialist providers of foreign exchange. With over 45 years of operating we have built a network of foreign exchange stores and developed Travelex as a trusted and widely recognized brand in international money.”
Angela Smith

The Mission of Travelex in Ghana

Angela Smith stated that the mission of the company is to simplify customers’ access to international money.

“Our retail outsourcing and wholesale banknotes business verticals are supported by a state of the art fully automated cash processing facility that is the UK’s only automated solution for cash order assembly and is our key differentiation in the market.”
Angela Smith

Angela Smith iterated that the Travelex Company stands tall when it comes to the foreign exchange market. As such, she indicated that all preparations are in place with the necessary arrangements to continue to serve the Ghanaian market.

“Travelex remains a big player in the foreign exchange supply business and has all the necessary logistics in place to satisfy the needs of all clients in Ghana, across the African continent, and all parts of the world where it operates.”.
Angela Smith

The Head of Wholesale Banknotes and Director at Travelex disclosed that as part of the visit by the company, her outfit will offer training programs to some commercial banks on counterfeit money detection and how to quickly discover fraudulent transactions.

Meanwhile, Benjamin Ndego, who is responsible for compliance and risk for the African region at Travelex, asserted that the purpose of the company is to assess the post COVID-19 situations in the country in order to take the necessary steps in assisting the country.

“We are in the country to engage with our clients post COVID-19 and then get to understand the current market situation and to plan for the future.”
Benjamin Ndego