News
GEXIM seeks strategic partnerships to finance Ghanaian businesses

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In line with President John Dramani Mahama’s agenda to position Ghanaian businesses to play a major role in driving Ghana’s economic growth, management of the Ghana Export – Import Bank (GEXIM) is seeking strategic partnership with the country’s development partners, development finance institutes, export credit agencies and other global investors to support Ghanaian businesses.

The Acting Chief Executive of GEXIM, Sylvester Adinam Mensah led a management team from the bank to engage various financial institutions and funding agencies on the side-lines of the recently held 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) in Washington DC., from 21st to 26th April 2025.
The GEXIM team met with the leadership of the Export – Import Bank of the United States of America (US EXIM Bank), African Export – Import Bank (Afreximbank), Saudi Fund for Development (SFD), Kuwait Fund for Arab Economic Development (KFAED), International Trade Administration of the U.S. Department of Commerce, US Africa Trade Desk and Cygnum Capital.
Mr. Sylvester Mensah revealed that the engagements were to explore strategic collaborations to secure funding solutions to assist Ghanaian businesses to explore new markets.
“We had the opportunity to share our strategic direction and immediate priorities in line with President Mahama’s resetting agenda in addition to some of our bankable pipeline projects in our meetings. I am particularly excited about the prospects of our meetings based on the positive and encouraging feedback received so far and convinced of securing funding to support Ghanaian businesses to enable them to contribute to economic development. Currently, the high cost of local financing with short-term interest rates is a disincentive for local traders, inhibiting the expansion of most Ghanaian businesses,” he emphasized.
Over the years, financing has remained one of the key barriers to the development of Ghanaian businesses. A 2020 survey by the Ghana Enterprises Agency (GEA) revealed that sixty percent (60%) of Small and Medium-sized Enterprise (SME) owners identified funding, inadequate skills in financial management and business planning as significant challenges facing their businesses.
News
GARID to construct 1.95km storm drain on Kaneshie-Busia highway from September 7

Construction of a major underground stormwater drain along the Dr. Busia Highway within the Kaneshie enclave will commence on September 7, 2026.
The Project Coordinator for the Greater Accra Resilient and Integrated Development (GARID) Project, Dr. Kwadwo Ohene Sarfo, announced this at a special media briefing on Wednesday.
According to him, the works will involve the construction of a double-cell underground rectangular drain measuring approximately 10 metres wide and 1.95 kilometres long, stretching from Pamprom Junction to First Light Junction.
The new drain will replace the existing two 1.2-metre diameter pipes, which are inadequate to carry the volume of stormwater in the area.
Dr. Sarfo said the drain will connect at one end to the recently completed section within the Accra Academy campus and at the other end to the existing drain at Pamprom Junction.
He said the construction is expected to run from September 2026 to October 2027.
The project forms part of government’s broader flood prevention and mitigation programme aimed at addressing perennial flooding in Accra.
By Edem Mensah-Tsotorme
News
I cannot allow my present situation be a burden for NPP- Chairman Wontumi withdraws from race

The former Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi, has withdrawn from the party’s National Chairmanship race.
In a statement issued yesterday, Chairman Wontumi who is currently serving a 20-year jail term said his decision was driven by his love for the party and his unwillingness to let his personal circumstances distract the NPP from its rebuilding efforts.
“There are moments in the life of a man when the heart wants to continue, but duty demands sacrifice. Moments when one must quietly set aside personal ambition, not because the dream has died, but because the family he loves must not be made to carry his burden. Today, I find myself at such a painful moment,” he wrote.
He disclosed that after many nights of prayer, sober reflection and consultations with his family, legal team, party elders, campaign team and trusted supporters, he concluded that his present situation must not become an additional burden on the NPP.
“This is not the decision my heart desired, but sometimes, true love requires us to release what we deeply want in order to protect what we love even more,” he added.
Recounting his years of service, Chairman Wontumi said he had served the party with everything within him, walking through heat and rain, travelling to remote communities and standing with the grassroots in both victory and defeat.
“For many years, I have served the NPP with everything within me… The NPP is not merely a political party to me. It is my family. It is my home. It is a cause to which I have dedicated a significant part of my life,” he stated.
He explained that the party, already carrying the pain of electoral defeat and the huge responsibility of preparing for the future, should not be made to carry his personal weight.
“That is why I cannot allow my present situation or personal ambition to distract the party from the difficult work of rebuilding. I cannot ask the party to carry my weight when it is already carrying the pain of defeat and the enormous responsibility of preparing for the battle ahead. I would rather carry this pain quietly than allow the party I love to suffer because of me,” he said.
He further sympathized with his supporters across the 16 regions, acknowledging that the decision would be painful for many who had sacrificed for his campaign.
“To my teeming supporters across all sixteen regions, I know this message will hurt. I know many of you will read it with tears in your eyes because I understand the sacrifices you have made for this journey,” he said.
By Edem Mensah-Tsotorme








