Wednesday, 14 January

EXIM Bank Ghana shifts focus to economic growth and food security

Business
Slyvester Mensah

The Ghana Export-Import (EXIM) Bank is undergoing a significant transformation to prioritise economic growth and food security. 

The bank's Chief Executive Officer, Mr Sylvester Adinam Mensah, revealed that EXIM Bank is shifting its focus from competing with commercial banks to supporting key sectors that drive the economy.

The bank will concentrate on areas that have a significant impact on the economy, such as food production, export acceleration, and job creation.

"Ours is to ensure that we support in achieving food security by funding areas that will generate food," Mensah said.

EXIM Bank is also working to complement government initiatives, including the Nkukuo Nketi Nketi programme, which aims to boost poultry production.

The bank is collaborating with commercial banks to provide blended finance, offering low-interest funding to support the poultry industry.

The bank's 10th-anniversary conference will bring together industry experts to discuss strategic priorities and best practices. "Our purpose is to achieve a reset, a reset that will translate into more jobs for our people, food security, and low prices," Mensah emphasised.

EXIM Bank's reset aligns with President John Mahama's economic reset agenda, which focuses on fiscal discipline, infrastructure development, and export-led growth

Source: Classfmonline.com/Edem Afanou