BANKING SERVICES

The National Development and Reform Commission and the China Banking and Insurance Regulatory Commission recently announced plans to accelerate the establishment of a network of unified national and local credit service platforms to help micro, small and medium-sized enterprises. Local governments will collect the relevant information to be shared on these platforms across China. More

Electronic transfers in Ghana will incur tax of 1.5%, starting 1 May 2022 in accordance with the Electronic Transfer Levy Act, 2022, approved at the end of March. More

On 18 April, the People’s Bank of China and the State Administration of Foreign Exchange announced they have put forward 23 measures intended to boost both epidemic prevention and economic and social development. These measures focus on three aspects, namely providing relief to enterprises, maintaining smooth national economic circulation and promoting foreign trade exports. More

The Nepal Rastra Bank, the country’s central bank, has advised commercial banks not to issue letters of credit for the import of luxury items, according to a Xinhua report on 5 April 2022. More