We are well placed to integrate Chinese businesses here – StanChart Executive

Executive Director; Global Subsidiaries International Corporates at Standard Chartered Bank Ghana (SCB) Limited, Jerry Agyeman-Boateng reckons there’s no better bank to facilitate business dealings of Chinese investors in Ghana than the SCB.

With operation in over 15 countries in Africa and having existed for a century in most of these countries especially Ghana where it’s been around for 120 years, the bank says it is well placed to guide Chinese business people into Ghana’s financial terrain.

Its emerged StanChart has already set up a ‘China Desk’ to address issues relating to the Belt and Road Initiative (BRI).

Given that China has become one of Ghana’s most crucial trade partners, with increased funds from the Chinese bolstering the Ghanaian economy, it makes sense to facilitate and smoothen their interactions here.

StanChart also ensures that when a Chinese investor comes to Ghana, he or she is provided with requisite knowledge about the rules and regulations governing the Ghanaian market to operate legally and ethically. Its banking team is on standby to help Chinese companies with project and export financing, cash management and foreign exchange hedging.

With some analysts calling on Ghana to add the yuan to the dollar as its major trading currencies to further facilitate trade and investment between Ghana and China, StanChart’s move is opportune.

StanChart’s ‘Chinese Desk’ helps the Chinese access right hotels, food and tourist sites in a bid to stimulate growth for the tourism industry.

StanChart’s China-Africa Network Proposition also creates opportunities to maintain international accounts in China or elsewhere all from the comfort of Ghana.

Its features include Personal Chinese-speaking Relationship Manager, Cash Management, Best Internet Banking, Trade Services, Free/Flat commission on telegraphic transfers.

By Michael Eli Dokosi/goldstreetbusiness.com