ICC Proposes Chartered Trade Finance Professionals Association

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ICC Proposes Chartered Trade Finance Professionals Association
ICC Proposes Chartered Trade Finance Professionals Association

Africa-Press – Ghana. The International Chamber of Commerce (ICC) has proposed a Chartered Trade Finance Professionals Association and mandatory certification to ensure that Ghana’s trade operations’ professionals meet the highest standards of competence.

The mandatory certification would include ICC Certified programmes such as CDCS (Certified Documentary Credit Specialist), CSDG (Certificate for Specialists in Demand Guarantees), and CITF (Certificate in International Trade Finance).

These programmes are intended to keep skills current with evolving trade rules like UCP 600, URDG 758, ISBP, and Incoterms.

This proposal was made when a delegation from the ICC National Committee, led by Chairman Sir Sam Jonah, paid a courtesy call on the Governor of the Bank of Ghana.

The delegation included Vice Chairman Mohammed Samara, Secretary General Emmanuel Doni-Kwame, Chair for the ICC National Commission on Trade & Investment Benedicta Lars, Chair for the ICC National Banking Commission Clifford Mettle, and other executives.

The meeting also discussed the abuse of Import Declaration Forms and the Bank of Ghana’s directive to banks.

Sir Sam Jonah congratulated the Governor on his appointment and the achievements of the central bank under his leadership.

Mr. Doni-Kwame briefed the meeting on the ICC’s work, including building the capacity of bankers and the launch of the 2025 ICC Trade Register.

He also discussed ICC Banking Rules, International Standard Banking Practices (ISBP), ICC Trade Finance Rules, and UNCITRAL’s ongoing work regarding the digitalization of negotiable cargo documents.

Mr. Clifford Mettle, Chair of the ICC National Banking Commission, presented areas of collaboration, emphasizing that trade finance was the lifeblood of Ghana’s import-export economy, and its efficiency and global competitiveness depended on the people running it.

Dr. Asiamah thanked the delegation, stating that the visit was timely since the bank was considering most of the issues discussed.

He promised the Bank of Ghana’s support in implementing the ICC initiatives.

The ICC National Committee Vice Chair, Mohammed Samara, explained the process at the port and recommended using blockchain to address the abuse.

Timelines were set for the implementation of the ICC proposal.

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