Business News of Tuesday, 17 August 2021Source: GNAThe Minister of State for Finance, Mr Charles Adu Boahen has inaugurated the Board of Directors of the Ghana Exim Bank with a call on members to take strategic steps to drive the country’s export expansion agenda. He urged the Board to ensure that Ghana Exim collaborates with the African Continental Free Trade Area (AfCFTA) to build SME capacity, increase access to international markets and create more employment for the youth. “Thankfully, Ghana Exim Bank is located in the same premises as the AfCFTA secretariat and with such proximity, we expect a constructive collaboration between the two institutions towards creating funding programmes that will benefit SMEs to lead the export of high-quality Ghanaian products and services to other African countries,” he said. Ghana Exim Bank has been the Primary Financing Institution for the President’s Accelerated Industrialization Programme - One-District-One-Factory, and had approved a total of GH¢2.1 billion in loan facilities for 122 projects between March 2017 and December 2020. “It is our hope that with the new board in place and with support from the Development Bank, we will continue to see growth in private sector advances as we seek to revamp our economy,” he said.
