Ecobank Ghana, part of the leading pan-African banking Group, Ecobank, has been named Ghana’s ‘Best Trade Finance Provider 2023’. Ecobank Ghana beat a host of other banks to win the prestigious award during the Global Finance magazine’s World’s Best Trade Finance and Supply Chain Finance 2023 Awards, held during the BAFT Europe Bank-to-Bank Forum in London.
Daniel Sackey, Managing Director, Ecobank Ghana & Regional Executive AWA, said: “We are positioning to be the preferred trade, payments and collections bank for SMEs and corporates, as we support and facilitate them to grasp the immense growth opportunities created by Africa’s new single market.
We are maintaining our key focus on commodities financing, improving our customers’ experience, and leveraging our digital banking initiatives. This award provides welcome public recognition of our beneficial impact and is a tribute to the hard work, diligence, dedication, and intense customer-focus of our staff on a daily basis.”
In selecting Ecobank Ghana as the best trade finance provider, Global Finance’s judges took into account input from industry analysts, corporate executives and technology experts. Criteria for choosing the winner included transaction volumes, scope of global coverage, customer service, competitive pricing, and innovative technologies.
Ecobank Ghana provides comprehensive trade solutions to its customers, using various payment methods to facilitate cross-border and domestic trade throughout and beyond its network across Africa.
Ecobank offers unique intra-Africa trade solutions, enabling its customers to settle their domestic and international trade transactions efficiently while mitigating payment risks. Ecobank works closely with clients in reviewing key aspects of transaction processing, including Settlement, Financing, Risk Mitigation, Credit Enhancement, and applicable Exchange Control Regulations.
Its Trade Products and Solutions include Structured Trade & Commodity Finance (customers benefit from adequate, mitigated credit facilities); Trade Services (customers experience speedy turnaround and error-free processes); Supply Chain Finance (one-stop end to end value chain and supplier financing locally and across regional corridors).
Trade services provided include import/export Letters of Credit; import/export collections; bills avalisation (SBLCs, guarantees, bid, performance and other bonds; regional trade payments); Rapidtransfer (cross-border remittances); and international payment services.
Ecobank Ghana
Ecobank Ghana was established in 1990. It is licensed and supervised by both the Bank of Ghana and the Securities and Exchange Commission, Ghana. Ecobank Ghana has its Head Office in Accra, and has 67 branches, 248 ATMs, and over 2,500 Xpress Point agents.
It serves numerous individuals, schools, churches, sole proprietors, SMEs, local, small and medium corporates, regional companies, NGOs, financial institutions, international organisations, multinationals, public sector entities, governments and government agencies through its Consumer, Commercial and Corporate banking divisions. The Bank is majority owned by Ecobank Transnational Incorporated (ETI), the pan-African financial conglomerate headquartered in Lomé, Togo, which operates in 33 countries in sub-Saharan Africa.
Global Finance
Global Finance was founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions.
Its website –GFMag.com– offers analysis and articles that are the legacy of 36 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
