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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

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    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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GHIB to expand operations to East Africa

bycitibusinessnews
September 26, 2016
in Banking And Finance, Top Stories
Mark Arthur speaking to journalists

Mark Arthur speaking to journalists

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Managers of the Ghana International Bank have disclosed that the bank will soon commence operations in East African countries such as Rwanda, Tanzania, and  Zambia to help improve Ghana’s trade finance.

According to the managers, the bank currently holds an asset of 400 million British pounds on the African continent.

Speaking to Citi Business News at the sidelines of an International Trade Finance Programme, the Executive Director of the bank, Mark Arthur stated that the primary aim of the bank is to deepen financial relationship with other countries to help improve Ghana’s trade budget.

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“In Eastern Africa we are focusing on Kenya and certain African neighbors like Rwanda, Tanzania, Zambia and so on. This is relatively new markets that we are entering,” he said.

He stated that the bank is still developing and deepening relationships with other African countries to promote trade.

He pointed that, in Nigeria the bank decided to operate in the secondary market to maximize its output.

Touching on the four-day programme organized by the bank, Mr. Arthur stated that about 40 bankers and senior business executives will attend this year’s programme, which is the sixth.

“We are excited about the next four days, we will cover the full range of trade finance products, recent issues in international trade finance, risk assessment, money laundering and fraud as well as practical problem solving,” he said.

Presenting his opening remarks, an Advisor to the Governor of the central bank Mr. Franklin Belnye said “banks play a key role in international trade by providing the finance which is vital to the process”.

He stated that banks have to understand the customs and practices involved to make financial transactions effective.

“We at the Bank of Ghana are committed to promoting for the discussion and communication of issues affecting the banking community in particular, and the economy as a whole,” he said.

–

By: Lawrence Segbefia/citibusinessnews.com/Ghana

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