September 3, 2024
Gowon Bowe
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Bowe warns of banking barriers for cannabis sector
CLEARING Banks Association chairman Gowon Bowe has warned that Bahamian commercial banks will struggle to provide services to cannabis-related businesses under existing banking rules, particularly those tied to the United States and the United Kingdom.
‘Phenomenal’ job creation if economy expanded 3.8%
The Bahamas would have seen “a phenomenal amount of jobs” created with the economy growing by almost 4 percent in real terms during 2025, a senior banker has suggested.
‘No cause for panic’ over 27% points off-peak credit
Bahamian bankers yesterday asserted that the 27 percentage point decline in private sector credit, as a proportion of national GDP, over the past 15 years is “no cause for panic” or “solely a sign of weakness” but demands a renewed focus on economic fundamentals.
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