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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    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

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Parliament passes Anti-Money Laundering Bill 2020

byMinna Dablu
December 19, 2020
in Local Economy, Top Stories
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The Anti Money Laundering Bill has been passed by Parliament.

The Bill when assented to by the President is expected to plug the holes in the existing anti-money laundering regulatory framework and make it more responsive to international standards.

Earlier this year, the EU Commission listed Ghana among 12 countries which now pose significant threats to the EU’s financial system.

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This has been attributed to the deficiencies in Ghana’s anti-money laundering and counter-terrorist financing strategy.

Speaking to journalists in Parliament after the Bill was passed on Thursday (December 17, 2020), Chairman of the Parliamentary Finance Committee, Mark Assibey- Yeboah said trusted security agencies will work together to augment the government’s efforts.

“If you’ve heard that a new anti-money laundering Bill has been passed, it is to strengthen the existing law and also to protect the country from money laundering. The FIC in conjunction with the national security, EOCO and the National Intelligence Bureau are the agencies empowered to deal with such matters”, he said.

Mr. Assibey-Yeboah said, after the President endorses it, the revised law will help de-list Ghana from the EU’s money-laundering grey list.

“We hope the international community and the EU Commission will pay attention, so that we are taken off the grey list. There’s the white list, the grey and if you are not careful, you are blacklisted. So we didn’t want to slide onto the blacklist. So now having passed this, when the President assents to this law, then we would be taken off the grey-list”, he added.

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