Score of 88.3/100 qualifies for PaymentCheck Certification
GHANA INTERNATIONAL BANK PUBLIC LIMITED COMPANY exhibits a strong positive payment trend with an average payment time of just 5 days, indicating exceptionally prompt payment habits. A significant 93% of payments are consistently made within 30 days, reinforcing a reliable and efficient payment trajectory with only 6% classified as late.
The bank demonstrates high payment predictability, as 93% of invoices are settled well within a standard 30-day timeframe, suggesting low volatility for most transactions. While 7% of payments extend beyond 30 days, a small fraction (3%) going over 60 days indicates a minor, but present, risk of extended delays for a limited number of invoices.
Overall, GHANA INTERNATIONAL BANK PUBLIC LIMITED COMPANY is a highly reliable and low-risk payer, characterized by its exceptionally fast average payment time and high on-time performance. Suppliers can confidently offer standard payment terms, as the risk of significant delays is minimal. For high-value transactions, suppliers might consider a minor risk mitigation strategy like an early reminder for payments approaching the 30-day mark to address the infrequent longer delays.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 22 | 63% | 34% | 3% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 5 | 93% | 4% | 3% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Suppliers must be paid in accordance with contract terms. The Bank follows good payment practice. The aim is to pay on time and some early to take advantage of discount where applicable. Our interpretation of making payment is when an electronic funds transfer / payment is committed.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute should be raised with Accounts Payable, addressed to Head of Finance. GHIB and the supplier will first attempt to resolve any dispute through informal discussion between the Bank’s relevant head of department and the supplier. If this is unsuccessful the matter is referred internally for formal discussion between an executive of the Bank and the supplier. Should the parties remain unable to resolve the dispute either party, at their discretion may then refer to the matter to court.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
GHANA INTERNATIONAL BANK PUBLIC LIMITED COMPANY operates as an international bank, structured as a public limited company. This indicates its primary function is to provide banking services, often with an international focus.
The company was incorporated on 13 November 1997 and maintains an active status under company number 03468216. Its registered office is located in London at Regina House 67 Cheapside, 1st Floor, London, EC2V 6AZ.
Typically, an international bank of this type operating in the UK market provides a comprehensive suite of financial services. These commonly include corporate banking, trade finance solutions, treasury management, and correspondent banking services.
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