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Hon Ken Ofori-Atta, in a statement to the NIB, encouraged the bank's Board of Directors to put in the effort needed to transform the bank into a profitable national asset. It's worth noting that in 2020, the bank received a significant infusion of GHC 800 million to bolster its capital position. [11] However, NIB could not meet its objective. [12]
The Bahamian passport is issued to citizens of the Bahamas for international travel. As of October 2024, Bahamian citizens had visa-free or visa on arrival access to 161 countries and territories, ranking the Bahamian passport 21st in terms of travel freedom according to the Henley visa restrictions index. [1]
Persons born within the territory to at least one Bahamian parent, which is interpreted to include a mother only, in the case of illegitimacy; [10] [11] [Notes 1] Persons legitimately born abroad to a father who was born in The Bahamas; or if illegitimate to a Bahamian-born mother; or [8] [10] [Notes 2]
1 – 8 months for citizens of Belgium, Denmark, Greece, Italy, Luxembourg, the Netherlands, 3 months for other citizens. 2 - 8 months. 3 – 8 months, 3 months for U.S. citizens or nationals residing in Guam, Northern Mariana Islands, American Samoa, Puerto Rico and U.S. Virgin Islands.
Visa requirements for Bahamian citizens are administrative entry restrictions by the authorities of other states placed on citizens of The Bahamas.As of 2025, Bahamian citizens have visa-free or visa on arrival access to 161 countries and territories, ranking the Bahamian passport 22nd in terms of travel freedom according to the Henley Passport Index.
The Central Bank of The Bahamas is the reserve bank of The Bahamas based in the capital Nassau. The bank was established on 1 June 1974 but traces its origins to the currency board established in 1919. [2] The bank carries out the independent monetary policy and supervision of the financial sector of The Bahamas.
15 March - Acting Minister of Health Jeffrey Lloyd announced the country's first confirmed COVID-19 case, a 61-year-old female. [1]March 20 - Prime Minister Hubert Minnis announced a 9pm to 5am curfew, restrictions on private gatherings, and closure of most in-person businesses, with limited hours for food stores and farmers' markets, pharmacies, gas stations, laundromats, banks, construction ...
Taxation in the Bahamas is collected by the Government of the Bahamas. The Bahamas are considered a tax haven given the lack of income tax, capital gains tax, inheritance tax or company tax. [1] Government tax revenue is instead derived from consumption, property and import taxes as well as licence fees. [2]