Banking is good!

OVER three million Papua New Guineans have access to banking but there is a need for more, says Deputy Prime Minister and Treasurer Charles Abel.
He said during launching of Department of Treasury’s Financial Sector Development Strategy 2018 – 2030 and National Financial Inclusion Policy in Port Moresby on Friday that this was only 37 per cent of the population.

“In 2013, when we started collecting data, only 14.5 per cent of our population held an account at a commercial bank, micro bank or savings and loan scheme,” Abel said.

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