News
GEXIM seeks strategic partnerships to finance Ghanaian businesses
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.
Member of Parliament for Gomoa Central Kwame Asare Obeng, widely known as A Plus, is calling on young people to take hypertension seriously by checking their blood pressure regularly and taking prescribed medication to prevent sudden deaths and stroke.
In a message shared to the public, the MP noted that cases of young people dying from high blood pressure are rising, even though the condition is preventable.
He mentioned that many refuse to go for checkups, and those who later discover they have hypertension still stop or avoid taking their medication.
He expressed worry that some men refuse treatment because they believe blood pressure drugs affect their sexual performance, a belief he described as misleading.
A Plus stressed that staying alive and healthy should be the priority, adding that complications from uncontrolled hypertension could lead to stroke and long term disability.
He encouraged the youth, especially men, to get their blood pressure tested and take treatment seriously to protect their health and future.
A Plus urged the public to spread the message so more people will take action on their health.
By: Jacob Aggrey
The Speaker of Parliament Alban Sumana Kingsford Bagbin has met first term Members of Parliament to strengthen cooperation between his office and newly elected legislators.
The engagement was organised to help build better working relations and improve communication within the House.
Bagbin stressed the value of open interaction and mentioned that similar sessions will later involve continuing MPs, the media and the public through televised programmes.
He reiterated the 9th Parliament’s goal of promoting openness and inclusion, describing integrity, honesty, civility and participation as key values for national progress.
He encouraged the creation of a mentorship system to allow experienced members to guide new ones.
Bagbin reflected on the growth of Ghana’s legislature over the years, noting a shift from strong partisan conduct to a more mature multiparty atmosphere.
He urged MPs to maintain their party identity while working together for development.
Present at the meeting were the Clerk to Parliament Ebenezer Ahumah Djietror, the Deputy Majority Whip Comfort Doyoe Cudjoe and the Deputy Minority Leader Patricia Appiagyei.
By: Jacob Aggrey
