USE OF GHANA CARD FOR ALL FINANCIAL TRANSACTIONS In furtherance of its objective of ensuring the safety of the financial system, Bank of Ghana pursuant to Regulation 7 of the National Identity Register, 2012 (L.I. 2111), hereby directs that with effect from 1st July, 2022, the Ghana Card shall be the only identification card that…
Africa’s infrastructure needs – including road, rail, ports, transmission and power – are considerable, and will become increasingly pronounced on account of the continent’s need for such infrastructure to support its social and economic growth. It is estimated that international investors’ interested in Africa have as much as US$550bn in assets1 that could be deployed…
AFRICA’S INFRASTRUCTURE PARADOX. BY TOM JAMIESON, PARTNER, RO LAZAROVITCH, PARTNER, JO EN LOW, PARTNER, AND ONIS CHUKWUEKE-UBA, ASSOCIATE, BRACEWELL (UK) LLP AND AFUA A KORANTENG, PARTNER, AND EDWARD KORANTENG, PARTNER, KORANTENG & KORANTENG LEGAL ADVISORS. Africa’s infrastructure needs – including road, rail, ports, transmission and power – are considerable, and will become increasingly pronounced on…
Cairo and Accra, 28 September 2021: – African Export-Import Bank (Afreximbank) and AfCFTA Secretariat announced today the operational roll-out of the Pan-African Payment and Settlement System (PAPSS), a revolutionary Financial Market Infrastructure to enable instant, cross-border payments in local currencies between African markets. By simplifying cross-border transactions and reducing the dependency on hard currencies for…
Ghana Cocoa Board (COCOBOD) will later today sign a $1.5 billion Syndication Loan for the 2021/2022 cocoa crop season.The facility, which is the largest deal in sub-Saharan Africa, will be used to finance cocoa purchases and related operational activities in the crop season. The signing comes on the back of some positive developments in Ghana’s…
Bank of Ghana Giesecke+Devrient to Pilot First General Purpose CBDC in Africa