Ginkgo biloba L. is a living fossil,a hardy plant species that has survived through glaciations, climate change, biotic and abiotic stresses.Ginkgo has the reputation of being listed in high demandas medicinal plant as well as an ornamental plant. This plant shows a variety of therapeutic uses in various diseases and owing to this quality.Ginkgo has been use as a medicinal plant in traditional chinese medicine for a long time.Ginkgo offers a large number of pharmacological activities including antidiabetic, antioxidant, antidementia, antihypertensive, antidepressant, antiaging, anti-inflammatory, anticancerous, hepatoprotective, neuroprotective,respiratory system supporting activities and many more, enabling it to be utilized in various medications for cerebral disorders, peripheral circulatory problems and a variety of uses. This review has provided a summary of major components found in Ginkgo biloba and their medicinal properties other commercial products developed from Ginkgo.