Foreign Trade Services

LETTERS OF CREDIT:

  • This is an undertaking by the bank to make payment for goods imported once certain conditions have been met by the exporter

DOCUMENTARY COLLECTIONS:

  • An arrangement where the exporter seeks the assistance of his / her bank to obtain payment of goods sold, through Bills of Exchange/handling of shipping documents.
  • They are flexible terms, favorable to the importer. Goods sold on credit, with no fixed/agreed date for settlement. Importer may make payment after sales.

COLLECTION OF CHEQUES: (CLEAN COLLECTIONS)

  • Foreign cheques drawn on local banks are cleared through other local banks for the accounts of beneficiaries.
  • Foreign cheques drawn on foreign banks are cleared through Ghana International Bank or HSBC for the accounts of beneficiaries

OUTWARD TRANSFERS:

This is an arrangement that allows banks to transfer money electronically via their correspondent banks for the benefit of their customers or members of the public. These transfers are usually through the SWIFT system for the payment of goods purchased, settlement of overseas bills or even for the maintenance of family members abroad.

It is fast, safe and reliable.


INWARD TRANSFERS-Through Correspondent Banks-

  • Ghana International Bank
  • HSBC Bank
  • BHF Bank

Details of correspondent banks can be found below


HFC BANK (GHANA) LIMITED
CORRESPONDENT BANKS DETAILS
                                                            DOLLAR
HSBC Bank USA, N.A
452 Fifth Avenue
New York, N.Y. 10018-2706

Swift Code: MRMDUS33
Routing No: 021001088

Account No: 00084 4608 of HFC Bank
(Ghana) Ltd
Swift Code: HFCAGHAC
Ifo: (Name and Account number of Customer)
Ghana International Bank Plc
69 Cheapside, P.O.Box 77
London EC2P 2BB

Sort Code: 60 92 63
Swift Code: GHIBGB2L

Account No: 0148 6002 of HFC Bank
(Ghana) Ltd
Swift Code: HFCAGHAC
Ifo: (Name and Account number of Customer)
BHF Bank
Bockenheimer Landstrasse 10
60323 Frankfurt am Maim
Germany

Banking Code: 500 202 00
Swift Code: BHFBDEFF

Account No: 00084 4608
IBAN: DE46 5002 0200 0100 7415 87
Swift Code: HFCAGHAC
Ifo: (Name and Account number of Customer)
                                                               POUND STERLING
Ghana International Bank Plc
69 Cheapside, P.O.Box 77
London EC2P 2BB

Sort Code: 60 92 63
Swift Code: GHIBGB2L

Account No: 0148 6001 of HFC Bank
(Ghana) Ltd
Swift Code: HFCAGHAC
Ifo: (Name and Account number of Customer)
                                                                              EURO
BHF Bank
Bockenheimer Landstrasse 10
60323 Frankfurt am Maim
Germany

Banking Code: 500 202 00
Swift Code: BHFBDEFF

Account No: 0074 1587
IBAN: DE46 5002 0200 0000 741587
Swift Code: HFCAGHAC
Ifo: (Name and Account number of Customer)
Ghana International Bank Plc
69 Cheapside, P.O.Box 77
London EC2P 2BB

Sort Code: 60 92 63
Swift Code: GHIBGB2L
IBAN No: GB64GH1B60926301486008

Account No: 0148 6008 of HFC Bank
(Ghana) Ltd
Swift Code: HFCAGHAC
Ifo: (Name and Account number of Customer)