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Pulse Business Wrap 4th March, 2016

Parliament passes EXIM bank bill

Parliament has passed the Ghana Export/Import Bank (EXIM) bill into law.

The bill when assented to by president John Mahama is expected to act as an intermediary between national governments and exporters to issue export financing.

The bank will support exporters to compete globally by providing insurance and finance facilities to support their overseas activities.

In addition, the bank will improve the capacity of the country to produce goods and services in the competitive international marketspace.

Importers threaten to unleash hardship on Ghanaians

The Ghana Importers and Exporters Association has threatened to increase the prices of imported goods and beverages if government does not rescind its decision to implement the tax stamp policy in the manner it intends to.

Speaking to Pulse Business, Executive Director of the Importers and Exporters Association of Ghana, Samson Asaki Awingobite said the implementation of the tax stamp system will complicate the already cumbersome process of clearing goods at the ports as well as increase the cost of clearing.

We go to the currency market now where
Currency Buying Selling
Dollar 3.87 4.17
Pound Sterling 5.38 5.68
Euro 4.21 4.51

On how your stocks performed on the GSE Index today,
Three companies were the biggest losers of the day, dropping 1p each to close the day. They are
1. ALUWORKS LTD

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