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
Reflection on the Framework of Competition Law in Ghana in Light of the AfricanContinental Free Trade Area Agreement
The Ghana Cocoa Board (COCOBOD) has signed a memorandum of understanding (MoU) with a Swiss cocoa processor, Buhler, to process Ghana’s cocoa into finished products for the local and the international market.
The Bank of Ghana has observed with concern, a trend where some Banks and Specialized Deposit-Taking Institutions (SDIs) impose certain fees and charges on customers. These practices are deemed to be unfair, inappropriate and detrimental to the financial inclusion agenda and the protection of customers’ interest.