Dr Manessah Alagbaoso, Head of Africa-China Integration, Typical Lender, speaking at the launch of ACAP
Importers can now have accessibility to products from suppliers in China as Common lender contributes to deepening the Ghana-China trade romance.
This is to ease the cash move of African importers by supplying access to funding and manage of the importing and logistics process.
Conventional Bank has leveraged its partnership with the Industrial and Commercial Lender of China (ICBC) and Zhejiang Intercontinental Trading Source China CO.Ltd (Guomao) to link African Importers to Ghana with trade brokers in China.
The partnership dubbed: African China Agent Proposition (ACAP) – which is aimed at aiding African importers to resource and validate high quality merchandise from competitive suppliers in China
Talking at the start of the African China Agent Proposition (ACAP) in Accra, Dr Manessah Alagbaoso, the Head of Africa-China Integration, Standard Lender said Ghana and China can reward from this partnership to eradicate boundaries that do not facilitate sleek negotiation agreement between the two countries to enhance small business.
“The supply will spot Africa importers in considerably more robust negotiation placement when it arrives to selling price, good quality, and effectiveness of importing Chinese goods. It is also a foundation of extensive-expression, mutually valuable and sustainable trade relationships” he reported.
Dr Alagbaoso extra that the ACAP will support Chinese suppliers protected an ICBC-unwritten letter of credit rating which will permit African importers to acquire items before payment.
In accordance to the Main Govt of Stanbic Lender, Alhassan Andani, this partnership will aid the relieve in performing enterprise among Ghana and China.
“This partnership will provide the people today of Ghana and China closer as an opportunity to unlock the untapped potentials amongst the two nations around the world. Deepening Ghana-Sino contacts will certainly produce even extra advantages to the economy’ Andani” reported.
In other to make organization quick and obtainable, (Guomao), a trade agent in China will help African importers to navigate China’s international trade offer chain and tread seamlessly as a result of standard Financial institution.
This partnership will also be launched in Nigeria and South Africa with other markets in Normal Bank’s African footprint to observe right before the stop of 2019.