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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.

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Police arrest former boxer Ayitey Powers over alleged death threat on NSA boss

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The Accra Regional Police Command has arrested former professional boxer Michael Ayitey Okai, popularly known as “Ayitey Powers,” over an alleged threat of death against the Director-General of the National Sports Authority, Yaw Ampofo.

According to the Police, the 46-year-old former boxer was arrested on Monday, August 24, 2026, in connection with the alleged threat.

The Police said the arrest followed a video circulating on social media in which Ayitey Powers is alleged to have issued the threat against Mr Ampofo.

He is currently in Police custody and is assisting with investigations.

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The Accra Regional Police Command said investigations are ongoing to establish the circumstances surrounding the alleged threat and determine the appropriate action to be taken in accordance with the law.

The Command has urged the public to refrain from sharing unverified information about the matter while the investigation continues.

By: Jacob Aggrey

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Afenyo Markin sues Sammy Gyamfi, Multimedia for alleged defamation

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Minority Leader in Parliament Alexander Afenyo Markin has sued the Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, and Multimedia Group Limited over alleged defamatory comments made against him on the Newsfile programme.

In a writ filed at the High Court in Accra, Mr Afenyo Markin is seeking GH¢15 million in damages, an apology and retraction of the statements, among other reliefs.

The suit follows comments allegedly made by Mr Gyamfi during the Saturday, August 22, 2026 edition of Newsfile, hosted by Samson Lardy Anyenini.

According to the statement of claim, Mr Gyamfi described Mr Afenyo Markin as an “extortionist” while responding to a question about GoldBod’s reported profits and its position on losses arising from its operations.

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The plaintiff claims that Mr Gyamfi repeated the allegation when the host sought clarification on whether he stood by the description.

Mr Afenyo Markin further claims that Mr Gyamfi challenged him to sue him and insisted that the allegation was true.

The plaintiff argues that the statements created the impression that he engages in extortion, uses his political influence to put improper pressure on public institutions and officials, and conducts himself in a manner inconsistent with the standards expected of a lawyer and public office holder.

He denies the allegations and maintains that he is not an extortionist and has never engaged in the conduct alleged by Mr Gyamfi.

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The Minority Leader also argues that the comments were made maliciously and were presented as facts without evidence being disclosed.

He claims the statements have damaged his reputation, professional standing and public image, particularly because of his position as a senior political figure and legal practitioner.

The suit also names Multimedia Group Limited as a defendant because, according to the plaintiff, the alleged defamatory comments were broadcast through JoyNews and subsequently circulated on social media platforms, including X, Facebook and YouTube.

Mr Afenyo Markin claims Multimedia failed to stop the comments or deactivate Mr Gyamfi’s microphone after the allegations were made.

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He is therefore asking the court to award him general, aggravated and exemplary damages, as well as GH¢15 million in compensation and legal costs.

He is also seeking an order compelling the defendants to issue a full, unconditional and unequivocal retraction and public apology.

The plaintiff wants the apology and retraction to be given similar prominence and reach as the original publication, including through JoyNews and the social media platforms where the comments were disseminated.

He is further seeking a permanent injunction preventing the defendants from repeating the alleged defamatory statements or words with a similar meaning.

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The writ requires the defendants to enter an appearance within eight days after being served.

It warns that failure to do so could result in judgment being entered in their absence.

The case was filed by lawyer Paa Kwesi Abaidoo of Dehyena Chambers on behalf of Mr Afenyo Markin.

By: Jacob Aggrey

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