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CalBank revises transactional limits and charges

As the situation around Coronavirus continues to evolve, we as a bank are doing everything we can to ensure our customers’ banking needs are met during these uncertain times with the appropriate safeguard protocols in place. As always, the safety and wellbeing of our customers and staff remain our highest priority and …

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World Bank gives Ghana, six others US$379m

Ghana and six other West African countries have been allocated US$379 million by the Board of the World Bank Group in International Development Association (IDA) credits and grants to help harmonize and strengthen statistical systems. The other six ECOWAS countries are Burkina Faso, Cabo Verde, Ivory Coast, Liberia, Sierra Leone …

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International Islamic Trade Finance Corporation Recognized as Best Islamic Financier at the International TFG Trade Awards 2020

(Jeddah, March 23, 2020) – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has been named ‘Best Islamic Financier’ by the trade finance platform, Trade Finance Global, in cooperation with BAFT.      The international work carried out by banks, financial institutions …

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GRIDCo clarifies recent power outages

The Ghana Grid Company Limited (GRIDCo) says the recent power outages experienced in the country, was due to a scheduled performance test on a new regulating and metering gas station in Tema. It said the exercise was embarked upon by the West Africa Gas Pipeline (WAGPCo) on Monday, March 16. …

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Ghana’s new investment law delayed until 2021

With the processes aimed at operationalizing the African Continental Free Trade Area (AfCFTA) that started this year, it has become necessary for the Ghana Investment Promotion Centre (GIPC) and key partners to slow down the process of revising the GIPC law. The completion of the review had been scheduled for …

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Prices of local goods increasing faster than imported goods

For a fourth consecutive month, inflation for locally produced goods has been growing faster than inflation for imported goods, although Ghana is an import-dependent country. Inflation for imported goods as at February was 5.9 per cent, well below the 8.6 per cent inflation for locally made goods. This is according …

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Customs amendment bill passed

Parliament of Ghana has passed the Customs Amendment Bill into law to regulate the country’s automobile industry. The law prohibits the importation of salvaged motor vehicles and specified motor vehicles over ten years of age into the country. It also seeks to provide incentives for automotive manufacturers and assemblers in the …

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IMF shuts Ghana office over coronavirus

The International Monetary Fund is shutting down its local bureau in Accra in a move to test its ability to manage the coronavius pandemic. Staff in the Accra office were asked to work remotely and move operations online on Friday. Currently, no staff of the Fund in Ghana has been …

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