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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.
The Ghana Police Service has arrested three (3) suspects in connection with a case of possession of narcotic drugs and engaging in prohibited drug-related activities within the Accra metropolis.
On April 10, 2026, the Special Operations Assistant to the Inspector General of Police received intelligence that a group of individuals were planning to engage in the sale of suspected narcotic drugs at Dzorwulu in Accra.
A surveillance operation was mounted and on 11th April 2026, a Police team proceeded to the area and arrested two suspects, Bright Ayivor and Ifeanyi Ijeoba.
The suspects were found in possession of twenty-two (22) compressed substances suspected to be cocaine, which were being prepared for sale to a prospective buyer.
Further interrogation of the suspects led to the identification of a third suspect, Kwabena Botwe as a key figure in the drug trade.
A follow-up operation at Caprice resulted in his arrest after Police mounted surveillance during a planned transaction involving proceeds from the sale of the suspected drugs.
The suspect later led Police to his residence at Greda Estates, where a search resulted in the retrieval of an amount of GHc400,000 and a counting machine.
According to the police, during the operation, he attempted to bribe the arresting officers with an additional GHc420,000, which has been retained as evidence.
All the suspects are currently in Police custody assisting investigations and will be put before the court.
The Inspector General of Police (IGP), Mr. Christian Tetteh Yohuno, yesterday April 14, 2026, promoted seven officers of the Tema Regional Police Command to their next ranks for their role in a recent anti-robbery operation in Tema.
The promotions were awarded to officers who responded to a robbery attack on a Mobile Money vendor at Tema Community 5 leading to the shooting of two robbery suspects and the recovery of a firearm, ammunition, and other exhibits.
The officers promoted are Chief Inspector Enoch Nartey Nuer, Inspector Gershon Dekpey; Inspector Prince Asante; No. 45881 Sergeant Lukman Mohammed; No. 49900 Sergeant Eugene Kuudouru; No. 54157 Corporal Jerome Akator; and No. 59882 Lance Corporal Jonathan Sewurah.
The IGP, together with members of the Police Management Board (POMAB), congratulated the officers on their promotion and commended them for their courage, discipline, and commitment to duty.
The IGP urged the officers to view their promotion as a call to higher responsibility and encouraged all personnel to continue working with dedication and professionalism in the service of the nation.
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