<\/p>\n
London-based Ghana International Bank Plc (GHIB) wants to expand its presence to the US as American appetite grows for projects across Africa, new chief executive officer Ian Greenstreet said.<\/p>\n
The Trump administration has made critical minerals a top priority and the UK-regulated lender \u2013 whose main shareholder is the Ghanaian central bank \u2013 is in a unique position to connect investors with bankable projects linked to the industry, Greenstreet told Bloomberg in New York Monday.<\/p>\n
\u201cIf you\u2019ve got somebody who\u2019s prepared to do the heavy lifting for you, and show you the deals, and put their own money into those deals, who can diligence the deals to a standard, being a US standard\u201d the \u2018friction\u2019 of doing business in Africa can be greatly reduced, he said.<\/p>\n
Greenstreet took over GHIB in June after more than 40 years with lenders including ABN AMRO Bank NV, HSBC Holdings Plc and NatWest Group Plc.<\/p>\n
The bank has profited from the development of Ghana\u2019s economy in recent years, particularly in gold mining, he said.<\/p>\n
\u201cOur strategy is to leverage our expertise gained dealing with gold, manganese, lithium, iron ore and cocoa and leverage that expertise and transport that expertise to other African countries,\u201d he said.<\/p>\n
GHIB has a number of debt deals \u2018oven-ready\u2019 that it\u2019s proposing to investors as Greenstreet tours the US.<\/p>\n
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\u201cWe\u2019re looking for partners who are prepared to come with us to essentially deliver the full package,\u201d he said. \u201cThat\u2019s what we can do by having greater presence here.\u201d<\/p>\n
Greenstreet declined to provide details of the deals, which are still under negotiation.<\/p>\n
GHIB\u2019s assets rose 9% to \u00a31.2 billion last year, while net profit rose 29% to \u00a35.4 million, according its 2025 financial report.<\/p>\n
Making cross-border\u00a0 banking easier<\/p>\n
The bank is also expanding its offerings across Africa with central bank partnerships and correspondent banking services.<\/p>\n
In recent years global lenders have withdrawn correspondent banking services due to the time and cost of complying with US anti-money laundering rules, complicating financial transfers to and from the continent.<\/p>\n
\u201cWe\u2019ve created technology which will enable total look-through\u201d to adhere to US know-your-customer regulations and speed up transactions, Greenstreet said.<\/p>\n
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The bank is also talking to governments looking to use their gold production for monetary reserves, something GHIB has done with Ghana\u2019s own central bank.<\/p>\n
Read: Standard Bank and UnionPay expand e-commerce across 9 African markets<\/p>\n
The bank is in \u201cthe perfect position to intermediate that,\u201d he said. \u201cWe can provide cash against those reserves in case any of the central banks suddenly need cash.\u201d<\/p>\n
Meanwhile, Greenstreet says demand for yuan borrowing among companies, particularly those doing business with China and seeking to diversify their debt options, has yet to materialise at GHIB.<\/p>\n
\u201cWe see the growing trend,\u201d he said. \u201cIf enough of our clients wants this, then it\u2019s worth us doing.\u201d<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Ghana #International #Bank #eyes #market #Africa #appetite #grows<\/p>\n","protected":false},"excerpt":{"rendered":"
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