The framework agreement currently in effect, was signed earlier in April by the Executive Vice President and Chief Operating Officer of EXIM, Jeffrey Goettman and CEO of GEXIM, Lawrence Agyinsam. EXIM has set a ceiling of $300 million that can be disbursed in transactions of up to $10 million under EXIM ‘s medium-term guidelines. In a statement, Chairman and Acting President of EXIM, Ambassador Jeffrey Gerrish emphasizes the commitment of the US government in collaborating with GEXIM to curb unemployment in Ghana. CEO of GEXIM, Lawrence Agyinsam believes the framework agreement will position his outfit to effectively support private sector businesses by creating an enabling environment free from financing challenges to ensure growth. GEXIM will on-lend in transactions of up to $10 million to Ghanaians businesses as the end users of the financing, up to a total of $300 million as approved by EXIM.

Source: GhanaWeb April 29, 2019 01:07 UTC