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.
Miniser for Government Communications, Felix Kwakye Ofosu has revealed a major shake up at Ghana Grid Company Limited (GRIDCo) and the Electricity Company of Ghana (ECG) following recent power outages.
In a post on Facebook, Felix Kwakye Ofosu disclosed that Minister for Energy and Green Transition, John Jinapor has asked the CEO of GRIDCo to step aside pending investigations into fire incident at Akosombo power control center.
Also, he further noted that there has been a major shake up in the leadership of the ECG in the Ashanti Region.
“At 2pm tomorrow, Minister for Energy and Green Transition, Hon John Jinapor, will hold a major briefing on recent developments in electricity distribution,” he concluded.
By Edem Mensah-Tsotorme
News
Abu Trica’s extradition case: Prophets, fetish priests demand pay for spiritual solution …Lawyer reveals
Mr Oliver Barker-Vormawor, a lawyer for embattled Frederick Kumi, affectionately called Abu Trica and has made a shocking revelation over the behaviour of some members of the clergy.
According to him in a post on social media, the difficult part of Abu Trica’s trial is not the law but the number of ‘Men of God’ and fetish priests demanding financial sacrifices to help resolve the matter spiritually.
Oliver Barker-Vormawor posted on Tuesday, April 22, 2026, “The most difficult part about the Abu Trica case; is not the law.”
He continued: “It is the number of, prophetesses, evangelists and fetish priests, who have called or messaged to ask us to pay for spiritual solutions.”
It would be recalled that in March this year, the Gbese District Court dismissed a preliminary objection filed by Abu Trica, challenging the extradition proceedings initiated at the request of the United States.
The court, presided over by Anna Akosua Appiah Gottfried Anaafi Gyasi, in its ruling held that the offences forming the basis of the extradition, particularly wire fraud, constitute extraditable offences under the 1931 treaty between Ghana and the United States.
He was then given 15 days counting from March 27 to appeal the decision of the court or be surrendered for extradition to the US.
Against this backdrop, he was on Tuesday, April 22, granted a bail in the sum of GH¢30,000,000 by an Accra High, pending the appeal of his extradition
Mr Kumi was arrested in Ghana in December 2025 following an indictment by United States authorities, alleging that he played a role in a romance scam network that defrauded elderly American victims of more than $8 million.
By Edem Mensah-Tsotorme
