Ghana International Bank was founded in 1959 as Ghana Commercial Bank, two years after Ghana was granted independence from Britain. Setting up its first branch in Cheapside, London, the bank was established to finance international trade and acted as a means by which money could flow to and from Ghana.
The current incarnation of Ghana International Bank was founded in 1998. It took over Ghana Commercial Bank’s operations (GCB has an ownership stake in GHIB). Now more than 50 years old, the bank still operates out of its Cheapside headquarters.
As a London-based bank with roots in Africa, Ghana International Bank is expanding across the African continent. It is perfectly placed to work with companies looking to get established in Africa, with a unique perspective on the challenges and opportunities of doing business there and correspondent links with several global financial institutions.
Ghana International Bank Products and Services
Ghana International Bank works across four primary business divisions:
International trade finance
Correspondent and corporate banking
Business banking is aimed at companies doing business in or with Ghana or Africa, or companies looking to do so. GHIB offers products and services aimed at facilitating these relationships. Business current accounts are available in multiple currencies, and international transfers can usually be completed in less than 24 hours. GHIB is also West Africa’s foremost correspondent bank and has strong links with other institutions, making business dealings seamless.
An international transfer service is also available to personal banking customers, with links to banks in Ghana helping recipients access transferred funds. Current accounts are available in GBP or USD. GHIB is also working with recipients of the SSNIT student loan scheme to pay off their debt.
Ghana International Bank Security
Ghana International Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and PRA. Deposits of up to £85,000 are covered by the UK’s Financial Services Compensation Scheme (FSCS).