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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

    Local currency crosses ¢10 to one dollar mark on retail market

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    PURC justifies upward review of utility tariffs

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

  • Business
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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

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    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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UMB organizes Chinese business seminar

bycitibusinessnews
August 13, 2015
in Banking And Finance, Business, News
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Universal Merchant Bank (UMB), in collaboration with the Chinese Embassy in Ghana organized a seminar for the Chinese business community in Ghana.

[contextly_sidebar id=”BbvuHP3mFG9YHtMKmUWuo1tA8QLBdqmc”]The event which was held on the 12th August, 2015 at the UMB Head Office, was organized under the theme, “Challenges and Opportunities for Growth of Chinese Business in Ghana” and was aimed at addressing some of the concerns of the Chinese business community.

Among the dignitaries who graced the occasion included the Chinese Ambassador to Ghana, H.E. Sun Baohong, the Managing Director/CEO of UMB, Mr. John Awuah, the CEO of the Ghana Investment Promotion Centre (GIPC), Mrs. Mawuena Trebarh, the CEO of the Association of Ghana Industries (AGI), Seth Twum-Akwaboah, the Managing Consultant of WTS Tax Legal Consulting, Mr. Abdallah Ali-Nakyea and a cross section of the Chinese business community in Ghana.

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In his opening remarks, the Managing Director/CEO of UMB, reiterated the importance of the relations between Ghana and China and the immense contribution that the Chinese community has made to the socio-economic development of Ghana.

“As the relationship between China and Ghana continues to strengthen, we wish to contribute positively to this relationship by offering our considerable expertise and knowledge to aid in the development of… the Chinese business community in Ghana”.

He further added that the bank will soon launch a unit dedicated to the needs of the Chinese business community.

The Chinese Ambassador to Ghana, H.E. Sun Baohong, lauded the initiative to address the challenges and concerns of Chinese businesses and stressed the commitment of her government to strengthen relations with Ghana and also to partner with local organizations such as UMB to enhance the influence and impact of Chinese businesses.

There were presentations from the AGI on “Partnering with Local Businesses”; the GIPC on the “Working Mechanism of GIPC” and from WTS Tax Legal Consulting on the “Ghana Tax Law”.

The Director of Corporate Banking of UMB gave an informative presentation on the products and services that UMB has to offer the Chinese business community.

The highlight of the event was a networking session and tour of the UMB Prominence Club Lounge. Participants at the event gave a big thumps up to the bank for organizing such an informative and relevant seminar.

–

Source:  UMB

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