CEO of Saudi EXIM Financial institution, His Excellency Saad Alkhalb and CEO of GEXIM, Hon. Sylvester A. Mensah signing the MoU.
As a part of efforts to champion Ghana’s financial transformation by means of the facilitation of worldwide commerce and export growth, the Ghana Export – Import Financial institution (GEXIM) on Monday, Could 26, signed a Memorandum of Understanding (MoU) with the Saudi EXIM Financial institution.
Chief Govt of GEXIM, Sylvester A. Mensah and Chief Govt Officer of Saudi EXIM Financial institution, His Excellency Saad Alkhalb signed the MoU, in Côte d’Ivoire on the sidelines of the 2025 African Growth Financial institution (AfDB) Annual Conferences going down from twenty sixth to thirtieth Could 2025.
The settlement stipulates the cooperation between the 2 banks to advertise the export of products and companies from their respective nations, trade of data and greatest practices, capability constructing, in addition to exploring additional alternatives together with extension of credit score strains, venture financing, funding for on-lending and issuance of transactional ensures.
Mr Mensah later acknowledged that in pursuit of GEXIM’s mission to drive Ghana’s financial transformation by means of worldwide commerce and export growth, he was “happy to announce that Ghana EXIM Financial institution (GEXIM) has signed a Memorandum of Understanding (MoU) with the Saudi EXIM Financial institution. I had the honour of signing on behalf of GEXIM, alongside His Excellency Saad Alkhalb, CEO of Saudi EXIM Financial institution.”
The settlement, he mentioned was strategic and “lays the muse for deepened cooperation between our two establishments — spanning export promotion, Data sharing, capability constructing, venture financing, credit score strains for Saudi tools imports, and transactional ensures.”
The GEXIM Chief Govt acknowledged that the strategic focus for the financial institution over the following 4 years can be to prioritise elevated meals manufacturing and strengthen agro processing, and investments for job creation — particularly in agriculture and the garment and attire sub-sector. This, in response to him, aligns with President John Mahama’s broader imaginative and prescient to construct a resilient, export-led financial system and job creation.
He welcomed “this new chapter of collaboration and appeared ahead to unlocking alternatives for Ghanaian and Saudi companies alike”
On his half, His Excellency Saad Alkhalb indicated the significance of deepening relations between Saudi Arabia and Ghana and turning into strategic companions. He additional expressed his administration’s dedication to completely implementing the MoU to learn Ghanaian and Saudi companies.
The GEXIM staff included the Basic Supervisor, Finance and Technique, Isaac Amissah – Aidoo, Head of Worldwide Cooperation, Jonathan Christopher Koney and Supervisor, Company Affairs, Marcus Garvey Adampah.
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