Ghana International Bank aims to deepen ties with Asian investors
Ghana International Bank (GHIB) is looking to attract more capital from Asia, betting that the region will become an increasingly important source of financing for Africa's growth, Chief Executive Officer Ian Greenstreet said.
Ghana International Bank (GHIB) is seeking to draw more funds from Asian investors, believing the region will play a crucial role in financing Africa's expansion, according to Chief Executive Officer Ian Greenstreet. The CEO explained to Reuters that Asia aligns well with Africa's requirements, highlighting the deep institutional savings available for infrastructure development.
Greenstreet emphasized that China is a "particularly significant" market. As a London-based institution, GHIB operates as a bridge between African markets and the international financial system, offering corporate and institutional banking, trade financing, and treasury services. Although GHIB has shifted from traditional syndicated loans towards domestic debt issuance, as seen with the Ghana Cocoa Board's recent move, the bank still sees value in international capital.
The bank aims to expand its financing beyond cocoa crops to include other agricultural sectors such as cotton across Africa.
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