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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.

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Prioritise affordable treatment of sickle cell treatment —Health Expert

Dr Lawrence Osei-Tutu
Dr Lawrence Osei-Tutu

 Health experts have urged Ghana to prior­itise affordable and accessible treatment for sickle cell disease (SCD) as advanced, but costly cura­tive therapies remain out of reach.

SCD, an inherited blood disorder, affects about three in every 100 newborns in Ghana.

Globally, around 1,000 ba­bies are born with the condi­tion daily, with three-quar­ters in sub-Saharan Africa.

The disease causes se­vere complications includ­ing chronic pain, anaemia, infections, strokes and organ damage, often leading to shortened life expectancy.

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In recent years, gene ther­apy has been developed as a potential cure.

However, its cost—running into millions of dollars per patient—makes it financially and technically inaccessible in Ghana.

According to Dr Lawrence Osei-Tutu, a Sickle Cell and Childhood Cancer Expert at the Komfo Anokye Teaching Hospital, “the country must instead focus on practical, lower-cost interventions such as hydroxyurea”, a decades-old cancer drug proven to reduce painful episodes, hospitalisation and life- threatening complica­tions in SCD patients”.

Taken orally, the medi­cine improves red blood cell function and is considered safe and effective.

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“Hydroxyurea therapy is as good as the cure and a low-hanging fruit to pluck, we must bring a cure to our sickle cell warriors, but do so sustainably.” he urged.

In a chat with The Specta­tor here, he said to create awareness on the disease, the expert noted that de­spite its benefits, “hydroxy­urea is not widely accessible in Ghana.”

Stressing that, “many patients either cannot afford it or struggle with irregular supply through the health system.”

Moreover, he argued that scaling up access would pro­vide immediate relief while the country builds the infra­structure, trains specialists and secures funding needed to support curative therapies in the future.

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With an estimated 15,000 babies born with sickle cell disease annually in Ghana, Dr Osei Tutu cautioned that “failure to improve access to effective treatment will leave many patients vulnera­ble to preventable complica­tions and early death.”

 From Kingsley E. Hope, Kumasi


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Let’s reintroduce Cultural Studies to complement educational reforms  — Tourism Minister

Madam Abla Dzifa Gomashie

Madam Abla Dzifa Gomashie, the Minister of Tourism, Culture and Creative Arts, has empha­sised the importance of reintroducing Cultural Studies in schools as part of Ghana’s broader educational reform agenda.

She said Cultural Studies would complement existing efforts to reposi­tion Science, Technology, Engineering and Mathematics (STEM) and Technical Vocational Education and Training (TVET) to promote digital literacy and expand Creative Arts education.

Speaking at the 2025 Homowo Festi­val of the people of Ningo-Prampram, held on the theme: “Education: The Best Legacy for our Children,” Mad­am Gomashie said cultural education was critical to national identity and development.

She noted that the festival’s theme aligned with the Government’s vision to transform education in Ghana and encouraged the youth to embrace it not only as a means of personal devel­opment but also as a way of preserv­ing traditional values.

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These values, including patience, wisdom, and hard work, were at the core of the Homowo celebration, the Minister said.

“Cultural festivals like Homowo are vital instruments for strengthening cultural identity, preserving historical memory, and fostering national unity. Additionally, festivals serve as plat­forms for educating the youth through storytelling, music, dance, and other traditional practices, while also pro­viding opportunities for community engagement.”

Madam Gomashie highlighted the strong foundation that Ghana’s tourism was built on, which included culture, traditions, and the creative industry, collectively contributing to over GH¢4.8 billion to the economy.

“Festivals give tourists reasons to visit our country. Therefore, with the right infrastructure and the develop­ment of all the domains, the sector can do more than what has been recorded,” she added.

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Mr Sam Nartey George, the Member of Parliament for Ningo-Prampram and Minister of Communication, Digital Technology and Innovation, commend­ed the community for their vibrant participation in the festival. He announced plans for the construction of a new nursing training school in Ningo, aimed at expanding access to healthcare education in the area.

Nene Osroagbo Djangmah XII, Par­amount Chief of Great Ningo Tradi­tional Area; King Dr Tackie Teiko Tsuru II, Ga Mantse; Nene Tetteh Wakah III, Paramount Chief of the Prampram Traditional Area; Prof. Odaifio Welen­tsi III, Paramount Chief of the Nungua Traditional Area; Naana Dugbakuwor Dugba II, Paramount Queen Mother of Great Ningo; and Mr. Elvis Afriyie Ankrah, Special Envoy on Religion and Inter-Faith Affairs, who represented the Chief of Staff, were among digni­taries at the festival. -GNA

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