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    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

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

    BoG, CSA deepen collaboration to fight cyber threats

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

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

    Intravenous Infusions PLC records 10% growth in profit in 2021

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

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    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

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

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

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    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

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Bank of Africa partners CFAO to introduce New Vehicle Finance facility

July 5, 2020
in Banking And Finance, Business
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Bank of Africa in partnership with CFAO Ghana Limited, has launched an incredible Vehicle Financing Facility.

According to Bank, the idea of the Vehicle Finance partnership is to bring convenience to both corporate and individual customers of companies who would want to purchase brand-new cars from CFAO.

The facility also enables interested persons to own a brand-new car from CFAO whose main brands include Mitsubishi, Suzuki cars.

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A statement issued by the company said, “The Vehicle Finance facility is an installment loan offered to customers and non-customers of Bank of Africa towards the acquisition of a brand-new vehicle from CFAO Ghana Limited.

The offer comes at an incredible interest rate of 18% per annum for a period of five (5) years (60 months) with no collateral required. The vehicle will be comprehensively insured and with a 3 year/100,000km warranty, depending on which one comes first.”

“The most captivating aspect of this facility, which makes it novel and the best on the market, is the fact that customers are allowed to trade-in their cars, irrespective of the brand, and top up using the facility from Bank of Africa to purchase a brand-new car,’ the statement noted.

Apart from the fact that the facility is very affordable, it is also very easy to access with a processing turnaround time of ten (10) days.

Once the vehicle is purchased, technical preparation and road-readiness, delivery and after-sales services are all handled by CFAO network across the nation at any of its after-sale Service Points.

According to Bank of Africa, the whole idea of this partnership is to support customers to purchase their dream vehicles while at the same time promoting the use of brand-new cars to reduce the impact of fossil fuel on the environment.

Bank of Africa places innovation at the heart of its strategy and provides dynamic and comprehensive solutions to meet its customer’s needs.

The Bank aims to leverage on its wide network, with presence in 33 countries across 4 continents, and special relationship with its international and local partners to continuously provide support and meet the needs of its market.

The Vehicle Finance Facility is available at all the branches of Bank of Africa and CFAO Ghana Limited outlets.

Source: Bank of Africa
Tags: Bank of AfricaCFAO Ghana Limited
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