Archive for news stories and feature articles on Islamic Banking and Finance sector in Ghana

BoG engages Muslim groups on non-interest banking and finance

Accra: The Central Bank of Ghana has met with representatives of various Muslim groups to solicit inputs on the implementation of non-interest banking and finance (NIBF) in the country. The

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IFRIG to host 2025 Islamic Finance conference on September 27

Accra: The Islamic Finance Research Institute of Ghana (IFRIG) will be hosting local and international stakeholders for the 2025 edition of the Islamic Finance International Conference (IFIC). The event will

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Ghana’s Islamic banking and finance framework to be ready by December 2025

Accra: Ghana has made inroads towards the development of a comprehensive regulatory framework to guide the implementation of Islamic, also referred to as non-interest banking and finance (NIBF), in the

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IsDB approves US$277 million development finance to three African countries

Jeddah, Saudi Arabia : The Islamic Development Bank (IsDB) has approved over US$277 million in new development financing to three West African countries that include Mauritania, Côte d’Ivoire and The

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Prof. Gatsi appointed BOG advisor on Islamic banking and finance

Accra: Professor John Gatsi, Dean of the University of Cape Coast (UCC) Business School, has been appointed as an advisor to the Governor of the Bank of Ghana (BOG) on

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Establish technical committee on Islamic finance-Prof Gatsi advises

Accra: A professor of finance at the University of Cape Coast, Prof. John Gatsi, is urging government to show commitment to adopting Islamic financing by establishing a technical committee to

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Maiden Accra Ramadan Souq opens Saturday

Accra: Preparations for the holy month of Ramadan begin in earnest as Muslim shoppers are expected to converge at the maiden edition of Accra Ramadan Souq (ARS). The ARS event

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Saudi Arabia introduces new currency symbol

Riyadh: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved today, February 20, 2025, the Saudi riyal symbol; a historic move that will reinforce the

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Islamic Development Bank Board approves over US$1.2 billion support for nine African countries

Jeddah, Saudi Arabia: The Board of Executive Directors of the Islamic Development Bank (IsDB) has approved over US$1.2 billion support packages for nine African countries. The support was part of

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Islamic Banking and Finance is not about promoting religion—Prof. Gatsi

Accra: Professor John Gatsi, University of Cape Coast (UCC), has emphasised that Islamic banking and finance should not be viewed merely as a tool for promoting religion. Instead, Ghanaians should

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