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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.”

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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.

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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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‘Thousands of Ghanaian women suffering from Obstetric Fistula’

• Dr Ochan in a handsahke with Mr Adu Owusu after the meeting
• Dr Ochan in a handsahke with Mr Adu Owusu after the meeting

 Thousands of Ghanaian women continue to suffer in silence from Obstetric Fistula (OF) due to inadequate access to sur­gical treatment, the United Na­tions Population Fund (UNFPA) has revealed.

Dr Wilfred Ochan, UNFPA’s Country Representative, disclosed that over the past decade, Ghana has accumulated a backlog of more than 12,000 untreated cases, de­spite recording an estimated 1,300 new cases each year.

He made the remarks during a visit to the New Times Corporation (NTC) in Accra to mark the Interna­tional Day to End Obstetric Fistula (IDEOF).

“Only 1,000 repairs have been done in 10 years. That leaves thou­sands of women isolated, in pain, and excluded from society due to a condition that is both preventable and treatable,” Dr Ochan said.

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He stressed the need for great­er investment in surgical capacity, public awareness, and partnership, especially with the private sector— to accelerate Ghana’s efforts to eliminate the condition by 2030.

Obstetric Fistula results from prolonged or obstructed labour without timely medical care, caus­ing a hole between the birth canal and bladder or rectum, leading to continuous leakage of urine or faeces. The consequences include stigma, chronic incontinence, and often, the death of the baby.

To help close the treatment gap, the UNFPA is working with health institutions including the Komfo Anokye and Cape Coast Teaching hospitals to scale up sur­geries and outreach.

“We must not allow women to suffer lifelong trauma for sim­ply trying to give life,” Dr Ochan urged.

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The Managing Director, Mr Martin Adu-Owusu, pledged NTC’s support in raising public awareness and promoting maternal health initiatives.

“We are ready to collaborate with you to ensure that maternal deaths and issues affecting women come down to the barest minimum so that together we can achieve the UN goal to eliminating Obstet­ric Fistula by 2030,” he said

 By Esinam Jemima Esinam

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 Inflated prices of Abaya, Jalabiya on Eid-al-Adha celebration

 Muslims in Ghana and all over the world yesterday observed the Eid-al-Adha celebration.

It falls on the first day of Shawwal, the 10th month of the Islamic cal­endar and is celebrated by Muslims to mark the end of the month-long dawn-to-dusk fasting of Ramadan.

The build up to yesterday’s edition was characterised by a high demand for traditional Islamic attire here in Tamale, leading to a sharp rise in prices.

Checks by The Spectator from the various markets in the Tamale area re­vealed that prices for popular outfits like the Abaya, Jalabiya, and Kaftan have skyrocketed within the period.

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Although there is no prescribed out­fit for the celebration, many Muslims in Tamale traditionally choose modest and loose-fitting garments that reflect Islamic values.

Abayas and Jalabiyas often import­ed from Turkey, Dubai, Egypt, and Northern Nigeria have become partic­ularly the most sought-after attires, resulting in the price hikes.

Currently, prices for men’s attire range from GH₵250 to GH₵800 while women’s outfits are selling from GH₵350 to GH₵1000.

Children’s garments are also not left out of the pricing craze. Bargain­ing for the youngsters starts from GH₵150.

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Hajia Naila Abdul Karim, owner of ‘Cover with Style,’ confirmed a signifi­cant surge in sales in the holy month.

“Each day, more than 20 people, mostly women walk into the shop. We also send over 40 parcels daily to customers across the country,” she stated.

She attributed the price increas­es to the cedi’s depreciation and a recent shortage of Turkish imports, noting that most of her stock now comes from Dubai.

Hamdia Kamil, a loyal customer, shared her experience: “Two years ago, I bought an Abaya for GH₵350. This year, it’s GH₵650. I had no choice because it’s a special occasion and I want to feel good. Still, I hope the dresses are made affordable so others can also celebrate in style.”

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At Baby Last Closet in Sakasaka, another fashion outlet, prices for women’s outfits range from GH₵350 to GH₵1,300, while men’s attire goes from GH₵250 to GH₵1,000.

“Some customers complain about the cost, but because it’s Ramadan, many still go ahead and buy,” said the shop owner.

Similarly, Mandy’s Haven at Zogbeli sells exclusively for Eid celebrations, dealing in high-end Abayas, Jalabi­yas, and Kaftan materials. Prices there reflect quality and origin, with female attire ranging from GH₵450 to GH₵5,000, and kaftan fabric sold at GH₵200 per yard.

For many, including resident Iddri­su Suale, the holy month remains a sacred period despite the economic pressures. “Things are expensive this year, but I still want to make the day special for my children. I plan to get them Abayas and Jalabiyas from Egypt,” he indicated.

Despite the bustling nature of preparation and the high cost of goods, resident expressed optimism of having a good time in observing the deep spiritual significance of the occasion.

 Story & photos by Paul Dery

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