The Chief Executive Officer (CEO) of Exim Financial institution Ghana, Mr Sylvester Mensah, has appealed to China to associate with Ghana’s improvement banks to supply vital funding geared toward accelerating the nation’s industrialisation agenda.
He mentioned China may co-fund the event banks in Ghana and supply credit score strains to them to construct their monetary capability lend to Small and Medium-Sized Enterprises (SMEs) within the counstrive.
Talking on the second day of the Ghana China Enterprise Summit 2025 in Accra on Tuesday, Mr Mensah emphasised the necessity for strategic monetary collaboration to empower native industries, notably SMEs, which type the spine of Ghana’s economy.
The five-day programme which ended on Friday was organised by SINO-Africa Group, the Authorities of Ghana and Good World Firm Restricted.
It was attended by about 120 traders and delegates to discover funding alternatives within the nation and deepen the commerce and bilateral relationship between Ghana and China.
“With out resilient and aggressive SMEs, our objectives of export diversification, worth addition, and regional commerce integration will stay out of attain,”Mr Mensah acknowledged.
He mentioned SMEs within the nation confronted difficulties in accessing reasonably priced financing, describing it as a significant hurdle to industrial development.
“This isn’t merely a challenge; it is a chance for revolutionary financing options, inclusive monetary partnerships, and forward-looking establishments to rise to the event,” he mentioned.
He referred to as for know-how switch and joint ventures to reinforce native processing, packaging, and manufacturing capabilities.
“We welcome partnerships with Chinese language monetary institutions, state-owned enterprises, and personal traders to combine Ghanaian merchandise into Chinese language and international provide chains,” he mentioned.
The Exim Financial institution Ghana CEO mentioned the federal government’s financial transformation insurance policies, reminiscent of the federal government’s Massive Push Agenda and the 24-Hour Financial Coverage, have been aimed to place SMEs as engines of job creation and industrial transformation.
“Our mandate is to assist Ghana’s transition into an export-led economic system, and SMEs are central to this imaginative and prescient,” Mensah famous. He cited Exim Financial institution’s current efforts in financing and strengthening SMEs, including that partnerships with institutions like China would significantly amplify these efforts.
Mr Mensah expressed the hope the summit would come out with actionable outcomes, and urged the individuals to maneuver past discussions and forge tangible partnerships.
“The spotlight of this summit isn’t just our conversations right here as we speak, however how we community, interact, and develop bankable initiatives that may be co-financed or equity-backed,” he mentioned.
He expressed optimism concerning the potential for collaboration, given the presence of over 70 high Chinese language firms and key Ghanaian traders on the occasion.
Mr Mensah reiterated Exim Financial institution Ghana’s dedication to enabling SMEs to thrive not solely as producers however as exporters, and never simply as survivors however as innovators.
BY KINGSLEY ASARE
