Business24 Newspaper 25th June, 2021

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FRIDAY JUNE 25, 2021

Fan Milk Ghana impacts lives of 50,000 people daily – Edwin Amoako

Absa Bank taps into Ghana’s US$3.6 billion remittance market

See page 9

See page 13

BUSINESS24.COM.GH

NO. B24 / 213 | NEWS FOR BUSINESS LEADERS

FRIDAY MONDAY JUNE MAY 25,3,2021 2021

Customs asks banks to help tackle import duty fraud By Benson Afful affulbenson@gmail.com

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Digital currency will advance cashlite economy— BoG By Patrick Paintsil

he Customs Division of the Ghana Revenue Authority (GRA) has urged commercial banks to help the authority determine the real value of imported goods by sharing information on declarations traders make to their banks. The division said it faces challenges in properly determining the value of imported goods of traders who undervalue or overvalue their invoices.

p_paintsil@hotmail.com

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overnor of the Bank of Ghana Dr. Ernest Addison has said the bank’s latest move to introduce a digital currency for trade will foster competition in the financial space, advance financial inclusion, and drive Cont’d on page 3

Cont’d on page 2

Banks ready to finance multinational deals, says FBN Bank CEO By Benson Afful affulbenson@gmail.com

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he Chief Executive Officer of FBN Bank, Victor Yaw Asante, says banks in the country are now better placed to collaborate to finance multinational trade deals, which in the past would have been done by external banks.

Victor Yaw Asante, CEO of FBN Bank Ghana

Cont’d on page 2

‘Next wave of investments to Africa must be forward-looking’ By Eugene Davis ugendavis@gmail.com

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he Ghanaian diasporan community needs to take advantage of the opportunities presented by the African Continental Free Trade Area (AfCFTA) by Cont’d on page 5

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Cont’d on page 2


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Business24 Newspaper 25th June, 2021 by Business24 Online - Issuu