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Ghana International Bank Plc has signed a Confirming Bank Agreement with the African Development Bank Group under the Transaction Guarantee Instrument, a move expected to strengthen the bank’s capacity to support trade, investment, and economic development across Africa.
The agreement represents a significant step in GHIB’s strategy to expand its trade finance services and enhance support for importers, exporters, and financial institutions involved in cross-border transactions throughout the continent and beyond.
Through the facility, the bank will be better positioned to provide trade finance solutions that help businesses access international markets, strengthen supply chains, and contribute to sustainable economic growth.
The partnership also places GHIB among a select group of financial institutions that meet the African Development Bank’s eligibility requirements, reinforcing its reputation as a reliable partner in facilitating trade and financial flows across Africa.
Both institutions said the agreement reflects their shared commitment to promoting intra-African trade, supporting private sector development, and addressing the trade finance challenges that continue to hinder economic growth in many African countries.
Commenting on the development, GHIB Chief Executive Officer, Ian Greenstreet, described the agreement as a major milestone for the bank and its clients.
He said the partnership would strengthen GHIB’s ability to support businesses engaged in international trade while reinforcing its role in driving investment and economic growth across Africa. He added that the bank’s position as a UK-regulated institution with strong African roots and global connections enables it to serve as an effective bridge between African markets and international capital.
For the African Development Bank, Solomon Quaynor welcomed the partnership, noting that it would support trade activities across the continent, particularly in lower-income countries and transition states such as Sierra Leone, The Gambia, Guinea, and Liberia.
He said GHIB’s expertise in providing confirming bank support to local financial institutions aligns with the AfDB’s broader objective of promoting regional integration and boosting trade across Africa.
Mr. Quaynor further noted that as implementation of the African Continental Free Trade Area gathers momentum, the African Development Bank remains committed to reducing Africa’s trade finance gap by strengthening the capacity of African financial institutions to facilitate greater intra-African trade.
The agreement is expected to improve access to trade finance, support more cross-border transactions, and further enhance GHIB’s position as a trusted banking partner for businesses operating across African and international markets.
With a long history of facilitating trade and investment flows between Africa, the United Kingdom, and global markets, Ghana International Bank says it will continue investing in strategic partnerships and innovative solutions as it works towards becoming a leading banking partner for businesses operating along the Africa–international markets corridor.
