GUTA charges the Exim Bank Ghana to live up to expectation

Berlinda Entsie 18:41 - 14 March 2017

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GUTA has called on the Exim Bank Ghana to deliver on its core mandate.

The Ghana Union of Traders Association(GUTA) has raised concerns over the need for the Ghana Exim Bank to roll out initiative to support the private sector and other state enterprises whose operations are linked to export and import

According to them, the bank should reduce, if not completely erode, the challenges associated with the financing of exports.

Benjamin Yeboah, an Executive Member of GUTA is optimistic Exim Bank will address the current financial challenge that is battling the sector.

Export development finance institution, EximBank Ghana, was launched to bolster government’s quest for an aggressive and sustainable export-led economy.

The EximBank has long been touted by economists and business minded think-tanks as the surest relief package to improve the country’s export competitiveness as well as rake in foreign exchange.

Meanwhile, Exe Secretary Importers and Exporters of Ghana Asaki Samson Awingobit has expressed fears over the Exim Bank to possibly act as the Agric Development Bank whose operations have not really benefited farmers in Ghana.