Thursday, 21 March 2019

Category: Business

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GHANA TO ADDRESS HIGH TAX EXEMPTIONS

GHANA TO ADDRESS HIGH TAX EXEMPTIONS

Ghana is determined order to reduce the country's high level of tax exemptions of 3.3 percent of Gross Domestic Product (GDP), a senior offic ial has said. The country's Tax ...

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JSE OFFERING TO TRACK RAND, NAIRA EXCHANGE RATES

JSE OFFERING TO TRACK RAND, NAIRA EXCHANGE RATES

The Johannesburg Stock Exchange (JSE) launched the first currency futures which track the exchange rate between the local Rand and Nigerian Naira, among select African currencies. ...

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CENTRAL BANK REVIEWS INTERNATIONAL MONEY TRANSFERS

CENTRAL BANK REVIEWS INTERNATIONAL MONEY TRANSFERS

The Central Bank of Nigeria (CBN) has announced a review of the guidelines for international money transfers. Part of the new review include a restriction of the maximum outbound ...

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MARCUS STEPS DOWN AS SARB GOVERNOR

MARCUS STEPS DOWN AS SARB GOVERNOR

Gill Marcus, Governor of the South Africa Reserve Bank (SARB) has announced her intention to step down. Addressing journalists in Cape Town, Marcus, said she would quit ...

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BANK OF GHANA ADDRESSES FINANCIAL DEFICIT

BANK OF GHANA ADDRESSES FINANCIAL DEFICIT

Ghana is making frantic efforts to increase its dwindling international reserves, a senior  official at the Bank of Ghana (BoG) has said. Presently, Ghana's depleted res ...

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FNB TO RETAIN LENDING RATES

FNB TO RETAIN LENDING RATES

First National Bank (FNB) said it would maintain its prime lending rate at 9,25 percent following the decision earlier on Thursday to keep rates on hold until the next meeting of ...

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ECOBANK SEALS BRAZILIAN FINANCE DEAL

ECOBANK SEALS BRAZILIAN FINANCE DEAL

Ecobank Transnational Incorporated, has announced a strategic $20million  trade financing deal with the Brazilian National Bank for Economic and Social Development (BNDES). ...

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UBA UNVEILS ONLINE PAYMENT PORTAL

UBA UNVEILS ONLINE PAYMENT PORTAL

United Bank for Africa (UBA) has introduced an online payments and collections platform in the the 19 countries where it has operations. Tagged U-bills, the platform that all ...

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QATAR BANK ACQUIRES ECOBANK STAKE

QATAR BANK ACQUIRES ECOBANK STAKE

The Qatar National Bank (QNB) has bought a 12,5 percent stake in Ecobank Transnational Incorporated (ETI) in a transaction valued at US$ 200 million. This is the la ...

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GHANA BANK BUYS GERMAN FINANCIAL FIRM

GHANA BANK BUYS GERMAN FINANCIAL FIRM

Fidelity Bank Ghana Limited has completed the acquisition of ProCredit Savings and Loans Company Limited. This follows an agreement with ProCredit Holding Germany (PCH). ...

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