GNCCI BUSINESS BRIEF (25th - 29th Nov, 2019)

Economy

• BoG maintains policy rate at 16%
• BoG introduces new denominations
• 7 out of 10 Ghanaians still prefer cash transactions
• Bank of Ghana Set to Issue Digital Currency in ‘Near Future’

Sectoral

• BoG to support SME sector with GH¢2bn
• Gov’t to launch universal QR code to make Ghana cashless society
• GSA clamps down on sub-standard textiles
• Peasant Farmers Association wants govt to ban rice importation

Trade & Investment

• Trade Ministry to prioritise Strategic Anchor Industries Initiatives next year

Policy

• Sam Jonah pushes for local content participation in mining sector
• How will the AfCFTA enter into force, be implemented, and be completed

International

• Donors to announce financing package for Africa's low-income countries

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