Commodity Importers: Pay Ghana Suppliers Fast
Import raw commodities including grains, metals, minerals, and agricultural products Send GHS payments to Ghana suppliers with t+0 (2.3s avg within unicorn network). Save 87% vs traditional banks.
Save £3,535 per £100k Payment
Typical savings for Commodity Importers paying Ghana suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Transparent pricing
- ✓ GhIPSS Instant Pay available
- ✓ 0.14s automated compliance
At £1M-£20M monthly volume, save £42,420/year
Common Challenges: Commodity Importers in Ghana
Industry Pain Points
- Commodity price and FX double exposure
- Large volume transactions (£500k-£5M+)
- Futures contract settlement timing
- Storage and demurrage costs
Country-Specific Considerations
- Bank of Ghana foreign exchange regulations
- Ghana Revenue Authority (GRA) tax compliance
- Cocoa exports regulated by COCOBOD
- Mining payments require enhanced due diligence
How Unicorn Solves Commodity Importers Payment Challenges in Ghana
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use GhIPSS Instant Pay for instant GHS settlement.Ghana Interbank Payment and Settlement System - instant transfers
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Ghana regulations.Bank of Ghana foreign exchange regulations handled automatically.
Commodity Importers Payment Profile
Understanding the payment dynamics of Commodity Importers when paying Ghana suppliers
⏱ Payment Timing
LC at sight standard for bulk commodities. Payment triggers on Bill of Lading. Futures contracts: margin calls and settlement dates.
📄 Invoice Terms
LC at sight (90% of bulk), CAD for established relationships, futures exchange settlement terms. Prepayment rare except spot purchases.
Lumpy, shipment-based. Harvest cycles create seasonal concentration. Futures positions require margin. Storage costs if holding physical.
📊 FX Risk Profile
EXTREME: Double exposure (commodity price + FX). USD pricing standard. BRL, ZAR, AUD volatility. Must hedge both or accept speculation risk.
Trading houses, cooperatives, direct from producers. Exchange-traded relationships. Long-term contracts for supply security. Brokers for spot.
Common Documentation for Commodity Importers
- Bill of Lading (ocean)
- Certificate of Origin
- Quality/Grade Certificate
- Phytosanitary Certificate (agricultural)
- Weight Certificate (independent surveyor)
Popular Ghana Supplier Types for Commodity Importers
Common Ghana Suppliers
- Cocoa exporters (Ashanti, Western Region)
- Gold mining suppliers (Obuasi, Tarkwa)
- Agricultural products (Various regions)
- Textile manufacturers (Accra, Kumasi)
Payment Tips for Ghana
- Ghana = World's 2nd largest cocoa producer
- Gold mining significant - strict payment documentation
- GhIPSS Instant Pay for fast settlement
- Political stability makes Ghana attractive West African hub
Ready to Pay Ghana Suppliers 87% Cheaper?
Join Commodity Importers businesses saving £3,535 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB