Stanbic Bank becomes first bank in Ghana to offer direct yuan settlement via CIPS

Stanbic Bank Ghana, a member of Standard Bank Group, has become the first bank in Ghana to offer clients direct access to the China Cross-Border Interbank Payment System (CIPS), following approval from the Bank of Ghana.

As the first bank in Ghana to offer direct access to CIPS, we are doing more than introducing a new payment capability; we are making cross-border trade simpler, faster and more efficient for our clients.

Through Standard Bank Group’s strategic relationship with the Industrial and Commercial Bank of China (ICBC), we continue to unlock international opportunities for our clients while reinforcing Stanbic Bank’s position as the partner of choice for businesses engaged in global trade.