Where Better Rates Meet Better Service
How RMB payments fit into importing goods from China: the payment stages you will meet, what your supplier needs from you, and how to fund each stage from Ghana.
An import from China has two halves: getting the goods, and getting the money to the person supplying them. The second half is where an order can sit idle for days, because Chinese suppliers price in RMB and are set up to receive RMB. Neither fact is a problem in itself — it just means the payment route has to be built for it.
ELITE RMB provides that route. You work in Ghana Cedis from your own account, and the RMB is delivered to the account your supplier specifies, against a transaction reference you can follow and quote.
Payment terms differ by supplier, but most import orders follow one of a few familiar patterns. Each stage below is a separate payment with its own reference.
| Stage | What it covers | What to keep |
|---|---|---|
| Deposit | The payment that starts production or reserves stock. | Reference, invoice number, amount and date. |
| Balance | Settles the order before the goods are released or shipped. | A separate reference, kept alongside the deposit. |
| Freight and handling | Shipping, consolidation, packing or port charges, which may be invoiced separately. | Its own reference and the freight invoice number. |
| Agent funding | Money supplied to a sourcing agent who buys across one or more sellers. | A note of which orders the payment is intended to cover. |
Do not combine unrelated stages into a single payment unless a supplier or agent has explicitly asked you to. Separate payments with separate references are far easier to reconcile if a question comes up later.
An RMB invoice is only half the picture until you know what it costs in Cedis. Two tools on this site give you that figure, and both read the same rate the transaction will use.
It is the payment you make to a Chinese supplier for goods you are bringing into Ghana. If the supplier prices the order in RMB, the payment has to be delivered as RMB to an account they can use — which is what ELITE RMB does with funds supplied from your Ghana Cedis.
It varies by supplier. Common structures are full payment before shipping, or a deposit to start production followed by a balance before release. Some orders also include a separate freight charge. Confirm the schedule with your supplier in writing before you commit.
RMB is their domestic currency. Quoting in it keeps their accounting and their bank arrangements simple, and avoids them carrying foreign-exchange exposure on your order.
Use the Cedis to RMB converter on this site, or the calculator inside your transaction. Both use the same ELITE RMB rate, so the estimate you get while planning matches what the transaction will show.
It can, because rates are set by ELITE RMB administration and may change. When you submit a transaction, the rate is locked for the period stated in the transaction — that locked figure is the one that applies.
Often, but not always. Freight and handling are frequently invoiced separately and may be quoted in RMB or in US dollars. Treat each invoice as its own payment with its own reference.
The RMB amount due, their name as it appears on the receiving account, the account type, the account details or QR code, and the invoice or proforma number so the payment can be matched to the order.
Create an account, add the supplier details and settle your side in Ghana Cedis.