Description

A bank guarantee issued in favour of a contract awarding body to secure advance or mobilisation payments made to a contractor, supplier, or service provider prior to the commencement or execution of a contract. The guarantee becomes effective only upon receipt of the advance funds at the Bank.

We Offer You

Issuance of Advance Payment Guarantees to support eligible customers executing contracts that require pre-financing by the awarding agency, subject to credit and risk approval.

Features

• Guarantee issued against advance or mobilisation payments
• Takes effect only upon receipt of advance funds at the Bank
• Tenure and guarantee amount as specified in the contract award letter
• Collateral security required
• Facility fee payable upfront
• Guarantee commission per quarter
• Ongoing monitoring, including site visits where applicable

Requirements

• Formal application by the customer
• Copy of Contract Award Letter/Agreement
• Board Resolution (for companies)
• Letter of Undertaking from awarding agency confirming joint payment arrangement
• Audited financial statements (preferably 3 years)
• Counter indemnity by the customer
• Joint and several guarantees by shareholders/directors (where applicable)
• Acceptable collateral security
• Completion of all KYC requirements

Description

A bank guarantee issued on behalf of a contractor or service provider in favour of a contract awarding body, covering failure to perform contractual obligations, complete works on time, or ensure proper performance during the retention period (typically up to six months after completion).

We Offer You

Issuance of Performance Guarantees to support eligible customers executing contracts, subject to the Bank’s credit assessment and risk approval.

Features

• Guarantee amount typically 10%–15% of contract value
• Tenure as specified in the contract award letter, including retention period
• Available to customers with strong performance track records

Requirements

• Formal application
• Copy of Contract Award Letter
• Board Resolution (for companies)
• Audited financial statements (preferably 3 years)
• Documentary evidence of performance track record
• Counter indemnity by the customer
• Acceptable collateral security
• Joint and several guarantees by shareholders/directors (where applicable)
• Completion of all KYC requirements

Description

A bank guarantee issued on behalf of a customer participating in a tender, in favour of the awarding entity, as part of the bidding requirements. It confirms the bidder’s commitment and discourages frivolous bids.

We Offer You

Issuance of Bid Security guarantees to support customers bidding for public or private sector contracts, subject to the Bank’s credit and risk assessment.

Features

• Bank-backed guarantee
• Enhances bid credibility
• Competitive pricing
• Flexible validity periods

Requirements

• Active business account with the Bank
• Completed KYC documentation
• Copy of tender documents
• Approved credit facility or cash cover
• Indemnity/guarantee application form

Description

A comprehensive suite of trade finance solutions designed to support businesses engaged in international and domestic trade by mitigating risks, improving cash flow, and enabling seamless trade transactions.

We Offer You

A broad range of trade finance facilities including Import Finance, Exporters Pre-Shipment, Import Duty Financing, and Shipping Guarantees, tailored to meet diverse business trade needs.

Features

• End-to-end trade support across imports, exports, and domestic trade
• Risk mitigation through structured trade instruments and bank-backed assurances
• Flexible financing options
• Competitive pricing based
• Expert advisory support from experienced trade specialists

Requirements

• Active business account with the Bank
• Completed KYC documentation
• Valid business registration and statutory documents
• Underlying trade documentation

Description

A secured credit facility that enables businesses to access financing using cash or near-cash collateral domiciled with the Bank, without liquidating their deposits or investments.

We Offer You

Flexible financing solutions that allow businesses to unlock liquidity from existing cash balances and near-cash instruments while preserving investment returns.

Features

• Secured by cash or near-cash collateral
• Loan amount based on approved Loan-to-Value (LTV) limits
• Monthly repayment schedule
• Available irrespective of length of banking relationship
• Facility structured to preserve underlying investment returns

Requirements

• Be a Business Banking, Corporate, or Institutional customer
• Cash or near-cash collateral domiciled with or assigned to the Bank
• Completed KYC and credit assessment

Description

A short-term overdraft facility designed to help Business and Corporate Banking customers meet urgent and temporary cash flow needs, such as clearing cheques or settling immediate payment obligations where account balances are insufficient.

We Offer You

Quick-access, short-tenor overdraft support to address pressing business cash flow requirements, subject to the Bank’s assessment and approval.

Features

• Maximum tenor of 10 working days
• Single utilisation per approval
• Repayment from an identifiable source (e.g. cheque, draft or confirmed inflow)

Requirements

• Be a registered Business or Corporate customer.
• Maintain an active CBG current account for at least six (6) months.
• Satisfactory account conduct.

Description

A revolving line of credit designed to enable Business, Corporate and Institutional Banking customers with actively operated accounts to overdraw their accounts within an approved limit to address short-term cash flow needs.

We Offer You

Flexible overdraft facilities to support day-to-day business operations, working capital needs, and payment obligations, subject to credit approval.

Features

• Maximum tenor of up to 12 months
• Revolving facility subject to periodic review
• Interest charged only on utilised amount

Requirements

• Maintain an active CBG business current account.
• Be in operation for at least one (1) year.
• Show satisfactory account turnover for the past six (6) months.
• Complete all KYC and required business documentation.

Description

A secured medium to long-term financing facility that enables businesses with actively operated accounts to acquire equipment and assets required for their operations and contract execution.

We Offer You

Financing solutions to support the acquisition of business equipment and assets, helping customers enhance operational capacity and execute contracts efficiently.

Features

• Maximum tenor of up to 60 months
• Equity contribution of at least 20%
• Tenor not exceeding 75% of the asset’s useful life
• Risk-based pricing
• Asset financed serves as primary collateral
• Facility available for approved asset categories only

Requirements

• Business must be a Sole Proprietorship, Partnership, or Limited Liability Company.
• Must be registered in Ghana and operating for at least one (1) year.
• Provide satisfactory account turnover for a minimum of 12 months.
• Must not be on the Bank’s Credit Exclusions List.
• Complete KYC requirements and pass credit assessment.

Description

A short-term financing facility granted against expected payment certificates or payment vouchers arising from completed work under an approved contract. It enables customers to access funds in anticipation of payments due from acceptable and approved awarding entities.

We Offer You

Short-term bridge financing to support customers awaiting payment for completed contractual work, subject to credit approval.

Features

• Maximum tenor of six (6) months
• Bullet repayment upon receipt of contract proceeds
• Joint Payment Agreement issued by the awarding entity
• Assignment of expected receivables
• Facility available to both existing and new customers

Requirements

• Be a Business/Corporate Banking customer (or open an account with us).
• Provide a valid contract and approved payment certificate/voucher.
• Contract must be from an approved awarding entity.
• Be a registered Limited Liability Company.
• Complete KYC and pass credit assessment.

Description

A non-revolving credit facility with a tenor of up to sixty (60) months, designed to support businesses with strong credit history in financing fixed assets, business expansion, working capital or other approved business needs.

We Offer You

Medium to long-term financing solutions tailored to support business growth, asset acquisition and project execution.

Features

• Maximum tenor of 60 months
• Reducing balance repayment structure
• Minimum 20% equity contribution
• Flexible repayment aligned to cash flows
• Facility available for asset acquisition, expansion or working capital

Requirements

• Registered Limited Liability Company or State-Owned Enterprise
• Completed loan application and KYC documents
• Audited financials (up to 3 years, where applicable)
• Cash flow projections for the loan period
• Acceptable collateral per the Bank’s Credit Policy