Requirements (GNBBA)

A Ghanaian Contractor/Supplier must submit his Tax Clearance Receipt with 1% of the total value of the proforma invoice to the Ghana National Bid Bond Authority Headquarters.

International Contractor/Supplier with Proforma Invoice value above $100,000 USD are to pay 5% of the total invoice value to the Ghana National Bid Bond Authority Headquarters.

International contractors with contract invoice value less than (US$ 100,000.00) are to deposit 2.8% total contract value to the Ghana National Bid Bond Authority Headquarter.

Note: Ghana National Bid Bond Authority Fee is paid once and is 100% refundable to the contractor/supplier. The fee must be refunded to the contractor/supplier when the contractor has executed 70% of the project.

Payment must be made in cash at the allocated bank office in the Ghana National Bid Bond Authority Finance department, official receipt with Refund claim certificate will be given to the payee. Section 3 of Act 931 as amended Stated that, principal enactment is amended in section 3 of the constitution for paragraph (b), of “(b) support the development of a safe, sound, efficient and stable market-based financial system in Ghana by ensuring prompt payouts to insured depositors on the occurrence of an insured event.

Any payment made outside the allocated Ghana National Bid Bond Authority Financial Department office will be unacceptable and at payers’ risk. All payments should be made in cash to our accounts department through the Payer or legal representative. Any payment without our official receipt will be void and non verifiable unless traced through the accounts department. All Payers should ensure they are issued a receipt as evidence for the payment made, pending when the Bid Bond Certification will be out.