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International Trade Finance

Our International Trade Finance Division (ITFD) provides advisory services and assists both importers and exporters in their international trade business.

Advisory Services
We offer advise on various terms of payments in relation to your imports and exports trade.

For Importers

  • Bills for Collection

This is a fast and efficient means of settling trade bills. Payment is made against presentation of shipping documents to GCB by overseas suppliers (preferably through their bankers).

  • Letter of Credit

The Bank will provide a written undertaking to suppliers abroad through their bankers to pay an amount of money within a specified time, provided beneficiary presents documents as required by the Letter of Credit.

  • Foreign Exchange

The Bank also provides foreign exchange at very competitive rates for settlement of Trade Bills.

  • Guarantee

This service offers an opportunity to importers of goods and services to assess the capacity or financial strength of an exporter. An importer may therefore require some guarantee that the exporter will be able to perform as promised. At the request of the importer, a Bank Guarantee may be arranged to secure the exporter's ability to perform.

GCB offers the under listed types of guarantees:

Bid Bond
Performance Bond
Advance Payment Guarantee
Payment Guarantee
Letter of Comfort

Benefit
Risk of non-performance by exporter is drastically reduced


For Exporters

Subject to compliance with credit requirements, the Bank provides:

  • Pre-Export Finance

Funds will be provided against an Export Letter of Credit to assist clients purchase goods to meet export orders.

  • Post-Shipment Finance

Advance against Bills, the Bank advances funds against payments due on a future date.

For further information, contact:
International Trade Finance Division
Ghana Commercial Bank Ltd
GCB Tower, Kwame Nkrumah Circle
P. O. Box 871, Accra
Or any GCB Branch

Tel: +233 21 246031 / +233 244 017036
Fax: +233 21 246042

Or Email This email address is being protected from spambots. You need JavaScript enabled to view it.