GHIB and AfDB have signed a bank agreement.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Ghana International Bank Plc (GHIB) has signed a Confirming Bank Agreement with the African Development Bank Group (AfDB) under its Transaction Guarantee Instrument, in a move aimed at expanding trade finance support across Africa.

The agreement positions GHIB within a select group of financial institutions approved under AfDB eligibility criteria, strengthening its role in facilitating cross-border trade and investment on the continent.

Under the facility, GHIB’s capacity to support importers, exporters and financial institutions engaged in international commerce will be enhanced.

The arrangement is expected to improve access to trade finance, strengthen supply chains and support businesses operating across African and global markets.

Source: newsthemegh.com