Cross-Border Financial Services
Specialised in Trade : Project Finance & Forfaiting Services
GHANA
CBFS focuses on the emerging markets of Asia, Africa, Middle East, Europe and the Americas.
CBFS is ideally placed to consider your forfaiting requirements for all type of cross border transactions in all parts of the world.
For more information, please contact CBFS for flexible and innovative solutions to your financing needs or for details of CBFS affiliated offices, please visit us at www.cbfsuk.com/ghana or e-mail.
Please do not hesitate to contact me directly if you would like to discuss any of our options with you.
Eric Knudsen, Director, Cross-Border Financial Services Ltd.
Ghana, capital Accra, a nation on West Africa’s Gulf of Guinea, GDP estimates for 2014 showed a growth of over the of 4.0% over the 2013 final estimates. Forecasts by Ghanaian Statistical Service show GDP growth reports continuing in 2015.
Services remain the largest sector. Its share of GDP increased marginally from 49.8% in 2013 to 51.9% in 2014. In the Industry sector, the least growing sector with a share of 26.6%, growth declined from 6.6% in 2013 to 0.8% in 2014. Of all the industrial activities, the Mining and Quarrying subsector recorded the highest growth of 3.2% in 2014.
More information on the reports can be found here.
Cross-Border Financial Services Ltd. is a London based financial company specialising in Cars, Trucks, Construction Vehicles, Equipment, Soft Commodities and Petroleum Products Finance. Forfaiting Services available for other products.
CBFS professionals develop creative cross-border import and export solutions to support our clients. Our principals are client-driven for the provision of financing structures aimed at eliminating cross-border risks on a non-recourse financing basis.
Primary Services
Trade Finance
Buyer(s) Credit
Pre-Exporter Loan
Post-Shipment Finance
Leasing or Vessel Finance
Export Finance with deferred payment
Import Finance with deferred payment
Project Finance (with or without E.C.A cover)
Republic Bank was given the nod to go ahead with the process of taking over HFC Bank. As part of Republic Bank’s strategic partnership with HFC Bank, Republic Bank will be directly involved in the Risk Management and E-Banking departments. Republic Bank’s vision is to expand and grow the organization to move the bank to a top-tier bank within the shortest possible time.
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Standard Chartered Bank started the year with its net profit for the three months through to March rising by 43 per cent to 60.98 million cedis ($21.54 million,) compared with 42.63 million cedis a year ago. Net interest income rose 40.6 per cent to 84.1 million cedis. During the year, the bank’s underlying performance did show some re¬silience as total operating income rose by 27 per cent to GHȻ385 million while cost increased by 39 per cent to GHȻl29 million. Its deposits shot up to GHȻ2...
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The hitherto Savings and Loans Company—First National Savings and Loans—made official, its status as a universal bank and subsequent change of its universal banking name of First National Bank to GN Bank during the year. The Bank also changed its logo in conformity with its new name. GN Bank Ghana has secured a $9 million (USD) equity investment from the Soros Economic Development Fund (SEDF) to expand banking services in rural Ghana and reach one million new customers. It is estimated that...
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Access Bank Ghana Limited was voted Bank of the Year 2013 at the 13th Ghana Banking Awards ceremony held on Saturday. The bank also won first place in Corporate Social Responsibility, 1stRunner Up in Enterprise Finance and 2nd Runner Up in Household Finance.
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