According to President John Dramani Mahama’s agenda to place Ghanaian companies to play a serious position in driving Ghana’s financial progress, administration of the Ghana Export – Import Financial institution (GEXIM) is in search of strategic partnership with the nation’s growth companions, growth finance institutes, export credit score businesses and different world buyers to help Ghanaian companies.
The Appearing Chief Government of GEXIM, Sylvester Adinam Mensah led a administration group from the financial institution to interact varied monetary establishments and funding businesses on the side-lines of the just lately held 2025 Spring Conferences of the Worldwide Financial Fund (IMF) and World Financial institution Group (WBG) in Washington DC., from 21st to 26th April 2025.
The GEXIM group met with the management of the Export – Import Financial institution of america of America (US EXIM Financial institution), African Export – Import Financial institution (Afreximbank), Saudi Fund for Growth (SFD), Kuwait Fund for Arab Financial Growth (KFAED), Worldwide Commerce Administration of the U.S. Division of Commerce, US Africa Commerce Desk and Cygnum Capital.
Sylvester Mensah revealed that the engagements had been to discover strategic collaborations to safe funding options to help Ghanaian companies to discover new markets.
“We had the chance to share our strategic route and quick priorities in keeping with President Mahama’s resetting agenda along with a few of our bankable pipeline tasks in our conferences. I’m notably excited in regards to the prospects of our conferences primarily based on the constructive and inspiring suggestions obtained to this point and satisfied of securing funding to help Ghanaian companies to allow them to contribute to financial growth. Presently, the excessive value of native financing with short-term rates of interest is a disincentive for native merchants, inhibiting the growth of most Ghanaian companies”, he emphasised.
Over time, financing has remained one of many key obstacles to the event of Ghanaian companies.
A 2020 survey by the Ghana Enterprises Company (GEA) revealed that 60% of Small and Medium-sized Enterprise (SME) house owners recognized funding, insufficient expertise in monetary administration and enterprise planning as important challenges going through their companies.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
Source link
