Monday 10 September 2007

Ghana: No fee for transfers above £250 — Barclays

Barclays Bank of Ghana Limited has announced that money transfers above £250 from the United Kingdom to Ghana through the bank will not attract any fee. The bank also announced its intention to make available $25 million to the Micro Credit and Small Loans Centre (MASLOC) for on-lending to small and medium-scale enterprises (SMEs).

The Chief Executive Officer of the bank’s Global Retail and Commercial Banking, Mr Frits Seegers, announced this and explained that the move was to further support the Ghanaian economy with inward remittances, which were increasing. Mr Seegers made the announcement at a dinner in Accra at the weekend to inaugurate Offshore Banking by the bank in Ghana and to climax the 90th anniversary of the bank, as well as celebrate the 50th anniversary of the country. [Read more]

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