EXIM Bank Committee working on EXIM bank modalities

The bank will support exporters to compete globally by providing insurance and finance facilities to support their overseas activities.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

A technical committee is working on the integration of EDAIF, Eximguaranty and Export Finance Company into the new Ghana EXIM, Felix Ntrakwah, Board Chairman of EximGuaranty Ghana, has said.

Speaking at the company's annual general meeting in Accra, Nkrakwah added that: “We are reliably informed that the Exim Bank Board has been constituted, and we await the announcement soon."

President Mahama during his State of the Nation address to parliament said the EXIM Bank would move the country from import-dependent to a large-scale exporter, adding that "The primary purpose [of the bill] is to finance exports, notably light industrial products."

He said the establishment of the bank is "part of our agenda to achieve a value-added and export-led economy."

The bank will support exporters to compete globally by providing insurance and finance facilities to support their overseas activities.

In addition, the bank will improve the capacity of the country to produce goods and services in the competitive international marketspace.

Ntrakwah said all legal requirement for the smooth integration have been met.

He added: “The law has been passed and I understand a board has been constituted. The transition committee is working on the integration process. If that happens, Exim will assume a different shape in terms of what can be done by bringing the three institutions together."

In addition, Ntrakwah said the policy direction of the EXIM bank will be determined by the directors once all the modalities are worked out.  

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Poverty Gap Ghana’s policies make the rich wealthier – UNbullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 Industrial Action Uber drivers on strike over 25% commissionbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 May I take Your Order It's ‘Chop Time’ at Achimota Mallbullet
7 Job Creation Nation Builders Corps to be launched end of...bullet
8 meQasa to host Ghana’s biggest housing fair in Junebullet
9 Newmont Deaths Investigative report to be out by end of...bullet
10 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet

Top Videos

1 Money Alert Meet Africa's richest womanbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 New Phone Nokia’s MWC 2018 event in 7 minutesbullet
7 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
8 Entrepreneurship How to be resourceful as an entrepreneurbullet
9 Entrepreneurship Failure- How To Deal With It |...bullet
10 Dr Joseph Siaw Agyepong Nobody can collapse my company...bullet

Business