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    AfCFTA members conclude negotiations on rules of origin to enhance free trade

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    ‘E-levy not the solution to revenue shortfall, go to IMF’ – Assibey Yeboah

    Airport workers call for sanctioning of operators who flout regulations

    Hospitality industry players confident of a rebound in business this year

    Tema ECG invests over GH¢3M into system improvement efforts

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    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Shippers’ Authority eyes boost in transit trade as it shelters truck drivers

    Fuel prices to go up as Price Stabilisation and Recovery levy is restored

    Rate of increase in value of MoMo transactions dipped in 2021

    IEA calls for changes in current inflation targeting structure

    Bank of Ghana maintains policy rate at 14.5%

    Kwamina Bentsi Enchill Duker appointed as 1st CEO of Development Bank Ghana

    Cedi depreciation pushes debt to almost GH¢345 billion in Nov; 78.4% of GDP

    Expect another fuel price hike in February – IES

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    MTN apologizes for disruption in MOMO services

    Telco’s committed to March deadline for sim registration exercise – Dr. Ken Ashigbey

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    MTN to sue road contractors for fibre cuts

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    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

    President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi

    South African president calls for increased trade with Ghana

    More partnerships needed to drive intra-Africa trade – Wamkele Mene

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BoG offers incentives for sustainable banking

bycitibusinessnews
November 22, 2017
in Banking And Finance, Government, Local Economy, Top Stories
Dr. Johnson Asiama -Former 2nd Deputy Governor of the Bank of Ghana

Dr. Johnson Asiama -Former 2nd Deputy Governor of the Bank of Ghana

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The Bank of Ghana (BoG) has announced that it will commence giving incentives to banks that lend toward environmentally friendly projects.

Some of the incentives Citi Business News has gathered include a reduction in the cost of lending rates for the banks from the Central Bank.

According to the Bank of Ghana it will on a six month basis, assess the various environmentally friendly initiatives of the banks in the country and will reward those that pass the assessment.

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Speaking to Citi Business News on the matter, Second Deputy Governor of the Bank of Ghana, Dr. Johnson Assiama said the Bank of Ghana is working towards promoting sustainable banking practices among commercial banks in the country.

“The whole basis of their lending activities, so more or less it’s not just about lending to the mining sectors it is about them looking at all the sectors, so if they are lending to agriculture, there has to be environmental considerations and so on”.

“We are also working on some specialized lending schemes which will be managed by the Central Bank but then commercial banks can access this and these can be administered for businesses all in an attempt to put emphasis and in an attempt to provide for environmental risks”

–

By: Anita Arthur/citibusinessnews.com/Ghana

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