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GEXIM signs agreement with Saudi EXIM Bank

As part of efforts to champion Ghana’s economic transformation through the facilitation of international trade and export development, the Ghana Export – Import Bank (GEXIM) on Monday signed a Memorandum of Understanding (MoU) with the Saudi EXIM Bank.
Chief Executive of GEXIM, Hon. Sylvester A. Mensah and Chief Executive Officer of Saudi EXIM Bank, His Excellency Saad Alkhalb signed the MoU, in Côte d’Ivoire on the sidelines of the 2025 African Development Bank (AfDB) Annual Meetings taking place from 26th to 30th May 2025.
The agreement stipulates the cooperation between the two banks to promote the export of goods and services from their respective countries, exchange of information and best practices, capacity building, as well as exploring further opportunities including extension of credit lines, project financing, funding for on-lending and issuance of transactional guarantees.
Mr Mensah later stated that in pursuit of GEXIM’s mission to drive Ghana’s economic transformation through international trade and export development, he was “pleased to announce that Ghana EXIM Bank (GEXIM) has signed a Memorandum of Understanding (MoU) with the Saudi EXIM Bank. I had the honour of signing on behalf of GEXIM, alongside His Excellency Saad Alkhalb, CEO of Saudi EXIM Bank.”
The agreement, he said was strategic and “lays the foundation for deepened cooperation between our two institutions — spanning export promotion, Knowledge sharing, capacity building, project financing, credit lines for Saudi equipment imports, and transactional guarantees.”
The GEXIM Chief Executive stated that the strategic focus for the bank over the next four years will be to prioritize increased food production and strengthen agro processing, and investments for job creation — especially in agriculture and the garment and apparel sub-sector. This, according to him, aligns with President John Mahama’s broader vision to build a resilient, export-led economy and job creation.
He welcomed “this new chapter of collaboration and looked forward to unlocking opportunities for Ghanaian and Saudi businesses alike.”
On his part, His Excellency Saad Alkhalb indicated the importance of deepening relations between Saudi Arabia and Ghana and becoming strategic partners. He further expressed his management’s commitment to fully implementing the MoU to benefit Ghanaian and Saudi businesses.
The GEXIM team included the General Manager, Finance and Strategy, Isaac Amissah – Aidoo, Head of International Cooperation, Jonathan Christopher Koney and Manager, Corporate Affairs, Marcus Garvey Adampah.
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Prioritise affordable treatment of sickle cell treatment —Health Expert

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.
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.
“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.
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, 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.
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.
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