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.
Minister for Local Government, Chieftaincy and Religious Affairs, Ahmed Ibrahim, has revealed that in the whole of 2024, only GHS 362 million was released to MMDAs in Common Fund.
Contrary to this, In 2025 alone GHS 5 billion was released to the MMDAs with the following breakdown as follows.
The Minister made this revelation when he took his turn at the Government Accountability Series held today.
In breakdown, the minister nonted that 1st Quarter – 790,372,058.40 was released for 2025.
He added that for the 2nd Quarter, 1,464,983,309.60 was released.
3rd Quarter saw the release of 1,188,921,640.80 and
1,592,706,391.20 for 4th Quarter.
The Minister added tha each of the MMDAs were required to undertake the following; at least 2-CHPS compounds, 3 Classroom blocks, 10 Boreholes, and Completion of legacy projects.
Additionally, 25% of the Common Fund was allocated for the Construction of 24-Hour Economy Model Markets.
Ahmed Ibrahim noted that as a result of the timely and unprecedented release of Funds, a total of 494 CHPS compounds, 761 Classroom Blocks, 4,029 Boreholes, and 2,755 Legacy projects are currently at various stages of completion.
Also, he added that 261 24-Hour Economy Model Markets have all been awarded on contracts and construction has begun on many of them.
By Edem Mensah-Tsotorme
The Inspector-General of Police (IGP), Mr. Christian Tetteh Yohuno, together with members of the Police Management Board (POMAB), on April 17, 2026, decorated nineteen (19) senior officers who have been promoted to their next ranks based on the recommendations of the Police Council and approval of the President, John Dramani Mahama.
The ceremony, held at the National Police Headquarters in Accra, forms part of efforts to recognise merit, dedication, and long-standing service within the Ghana Police Service, while strengthening leadership across key operational and administrative levels.
The officers promoted from Deputy Commissioner of Police (DCOP) to Commissioner of Police (COP) are Dr. Luke Asue-In-Yeng Zakpaa, Mr. Frederick Agyei, Mr. Duuti Tuaruka, Mr. Arthur Osei-Akoto, Mr. Darko Offei Lomotey, Mr. Eric Ken Winful, Mr. Barnabas Nambont Nasumong, and Mr. Desmond Owusu Boampong.
The IGP and members of POMAB congratulated the officers and urged them to uphold the highest standards of professionalism and integrity in the discharge of their duties.
