India Exim Bank visits Ghana
The Export-Import Bank of India (EXIM India), led by the Deputy Managing Director, Mr Debasish Mallick, will be in Ghana for an initial scoping visit from November 14 to 24, 2017 to undertake Phase One of Institutional Capacity Building for the Ghana Exim Bank.
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The visit is to equip the Ghana EXIM Bank to facilitate the development of the small and medium enterprise (SME) sector and Non-Tradition Exports (NTE) in Ghana.
Commenting on the upcoming phase one of the capacity building session, the Chief Executive Officer of the Bank, Mr Lawrence Agyinsam, said: “We are confident that as a result of this meeting, the visiting team will get a better understanding and appreciation of the government’s vision of creating a Ghana beyond aid.”
The Phase Two of this collaboration will continue in the first quarter of 2018.
Background
The vision to make Ghana’s economy an export-led one has been a major economic policy of successive governments in Ghana.
The Ghana EXIM Bank was, therefore, established in 2016 to enhance industrialisation, thereby making Ghana’s exports competitive on the global market.
ACT 911 (2016) mandates the Ghana EXIM Bank to support and develop direct or indirect trade between Ghana and other countries and also build Ghana’s capacity and competitiveness in the International Market.
Within the global EXIM Bank fraternity, there exist opportunities for synergies and exchange of ideas, good practices and international co-operation.
It is against this backdrop that several partners such as USAID, US Exim Bank, Afrexim Bank and Indian Export-Import Bank, have taken keen interest in the nurturing and development of the Ghana EXIM Bank.