BUSINESS

DEPOSIT ACCOUNTS

    • CORPORATE CURRENT ACCOUNT

    With a rich and diverse experience in the corporate banking landscape we offer your business innovative and tailormade services that provide solutions to your business needs. Our Corporate Current Accounts deliver corporate relationship banking in its true sense. Available in GH¢, USD, GBP & EUR.

     

    Benefits:

    • Cheque Book
    • Free E-Xperience Bundles
    • Dedicated Relationship Manager
    • Access to Credit Facilities (Terms and Conditions Apply)
    • Access to Cash Collections Service (Terms and Conditions Apply)

     

    Features:

    • A minimum opening balance of  200.00 units(Gh¢; USD; GBP; EUR)
    • A monthly bundle fee is charged( Refer to tariff guide)

     

    Requirements:

    • Fully completed account opening form
    • Valid address confirmation document (as shown on Bank’s requisite policy document)
    • Valid identification (as shown on Bank’s requisite policy document)
    • Business Ghana Post GPS address
    • Recent passport size photograph of business owner(s) and signatory (ies)
    • Business registration documents
    • Business Tax Identification Number (TIN)
    • All other KYC requirements stated in Bank’s requisite policy document

     

     

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    • BUSINESS CURRENT ACCOUNTS (MICRO, SMALL AND MEDIUM)

    Conduct your business with ease and peace of mind with our Business Current Account. Keep track of your business 24/7, wherever you are. Our two Business Current Accounts: Small Business Current Account and Medium Business Current Account are designed to suit your business. All available in GH¢, USD, GBP & EUR.

     

    Benefits:

    • Cheque Book
    • Free E-Xperience Bundles
    • Dedicated Relationship Manager
    • Access to Credit Facilities (Terms and Conditions Apply)
    • Access to Cash Collections Service (Terms and Conditions Apply)

     

    Features:

    • A minimum opening balance of  100.00 units(Gh¢; USD; GBP; EUR)
    • A monthly bundle fee is charged( Refer to tariff guide)

     

    Requirements:

    • Fully completed account opening form
    • Valid address confirmation document (as shown on Bank’s requisite policy document)
    • Valid identification (as shown on Bank’s requisite policy document)
    • Business Ghana Post GPS address
    • Recent passport size photograph of business owner(s) and signatory (ies)
    • Business registration documents
    • Business Tax Identification Number (TIN)
    • All other KYC requirements stated in Bank’s requisite policy document

     

     

     

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    • BUSINESS PLUS ACCOUNT(B-PLUS)

    With the added benefit of earning interest while conducting your regular chequing activities, the Business Plus Account (B-Plus) gives the business a unique opportunity to build funds while running day to day transactions

     

    Benefits:

    • Competitive Interest Rates (Refer To Tariff Guide)
    • Cheque Book
    • ATM Debit Card (Local and MasterCard)
    • Access to E-Xperience Bundles

     

    Features:

    • A minimum opening balance of Gh¢200.00
    • You must keep a minimum of Gh¢50.00 in your account at all times
    • Four (4) free withdrawals per month (a charge on all extra withdrawals - refer to tariff guide)

     

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CREDIT FACILITIES

    • SME SMART LOAN

    Need an unsecured SME Loan to help you manage and grow your business. Look no further than CBG's SME Smart Loan. We stand with you and are ready to meet you at your point of need.

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    • SME ADVANCED LOAN

    As your business grows our support for you expands. The SME Advanced Loan gives you  a bigger unsecured loan for your growing business. Contact us for more information.

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    • VEHICLE  AND ASSET FINANCE

    A medium term financing arrangement to procure movable assets such as brand new vehicles and equipment for business operations.

     

     

     

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    • KEY DISTRIBUTORSHIP SCHEME

    CBGs Key Distributorship Scheme (KDS) is a programme that offers alternative financing for Key/Unit distributors/buyers (the borrowers) of reputable suppliers/manufacturers (Anchor Business) in the form of bank guarantees or packaged revolving loans with an approved limit for the distributors/buyers, with weekly/monthly repayment installments or any suitable repayment plan, and an agreed clean-up cycle.

     

     

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    • BUSINESS TERM LOAN

    The Business Term Loan is a non-revolving credit facility with a maximum tenor of 60 months to finance fixed assets needs, business expansion, and augment working capital/operating funds.

     

     

     

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    • BUSINESS OVERDRAFT

    The Business Overdraft is a secured short-term facility that enables customers with actively operated accounts to overdraw their account within an approved limit to support working capital.

     

     

     

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    • EXPRESS TEMPORARY OVERDRAFT

    The Express Temporary Overdraft is a short term overdraft facility to businesses to meet urgent pressing financial needs (e.g. to urgently clear cheques but for insufficient funds in the accounts).

     

     

     

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    • BUSINESS CASH-BACKED

    A facility secured with cash or near cash security domiciled with the Bank.

     

     

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    • CERTIFICATE DISCOUNTING

    This is a facility granted to a customer in anticipation of receipt of payments in respect of work done on a particular contract or a given job. Thus, it is a bridge financing arrangement expected to bridge the financing gap between the period of work done on a contract and the receipt of payment from the awarding body.

     

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    • LPO FINANCING

    LPO (Local Purchase Order) Financing is generally a pre-financing arrangement in the form of a loan that enables the customer to execute the contract and receive payments. This includes contracts involving the supply or delivery of visible items or products whose specifications are set out in the contract agreement or document.  The items could be sourced locally or imported.

     

     

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    • IMPORT FINANCE FACILITY(IFF)

    A financing option where CBG extends a revolving credit facility to a regular importer. This facility may be utilized for the following international trade payment methods:

     

     Letter of Credit (LC):

    An undertaking by CBG on behalf of our Client (Importer) to effect payment to their exporters abroad. The Client is assured of shipment before payment is made to the Exporter.

     

    Documentary Collections: 

    This is a method of payment where the exporter entrusts the handling of the commercial and often financial documentation to the bank, and gives the bank instructions concerning the release of the documents to the importer.

     

    Clean Payments:

    Clean payments are characterised by trust. Either the exporter sends the goods and trusts the importer to pay for them once the goods and documents are received (Open Account) or the importer trusts the exporter to send the goods after payment is made (Payment in Advance).

    As indicated earlier, the importer may draw on the IFF to make the requisite payments (under each of the above payment methods) with the resultant loan repaid over an agreed period specified in the terms and conditions of the IFF.

     

     

     

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    • EXPORTERS PRE-SHIPMENT FACILITY

    CBG provides finance (a short term loan) to  an exporter,  to pre-finance the export on the back of either  an export order from a reputable importer of an irrevocable confirmed Letter of Credit.

     

     

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    • IMPORT DUTY FINANCING

    A short-term facility granted to customers who have imported goods and need to clear them from the port early enough to avoid demurrage and other related port charges, and also to meet supply and market deadlines.

     

     

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    • SHIPPING GUARANTEE( BILL OF LADING INDEMNITY )

    A shipping guarantee issued by CBG on the customer’s instruction when the vessel carrying the goods arrives earlier than the original bill of lading, and which will require the customer to clear the goods or face the possibility of incurring demurrage charges.

     

     

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    • BID SECURITY

    With this product the Bank provides a guarantee on behalf of our client (a customer bidding for a contract) in favour of the Awarding Agency as part of the bidding requirements.

     

     

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    • PERFORMANCE SECURITY

    Performance Guarantee covers failure by the contractor to complete on time (or at all) or of the plant, structure or product running properly for a given period after completion.

     

     

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    • ADVANCE PAYMENT GUARANTEE

    Advance Payment Guarantee is required in cases where the awarding agency pre-finances a contract or part thereof on the back of a bank guarantee issued in their favour.

     

     

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    • RETENTION GUARANTEE

    This facility is a contingent liability and requires the Bank to provide a guarantee on behalf of the applicant (the contractor) in favour of the contract awarding body as a condition for the latter pre-maturely releasing to the contractor, the retention money.

     

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