[ 2016-11-23 ]

Exim Bank to be launched 30 Nov
Government will launch the Export-Import (EXIM)
Bank on 30 November this year, Finance Minister
Seth Terkper has disclosed.

Mr Terkper made the revelation on Inside Politics
on Class 91.3FM on Tuesday 22 November.

The EXIM Bank replaces the Export Development and
Agricultural Investment Fund (EDAIF) and is
expected to enable the country take advantage of
international trade initiatives such as the
African Growth and Opportunity Act (AGOA) and the
Economic Partnership Agreement (EPA).

The aim of establishing the EXIM Bank is to create
an institution that consolidates past efforts and
becomes the key engine for developing Ghana’s
export activities, Mr Terkper said.

President John Dramani Mahama has already
inaugurated a nine-member Board of Directors for
the newly established Ghana EXIM Bank.

The board is chaired by Professor Richard Bani of
the University of Ghana and includes Mrs Pearl
Esua-Mensah, formerly of UT Bank, Joseph
Enimil-Armah of Enimil Group of Companies, and
Nana Dr Apiagyei Dankawaso of the Ghana Chamber of
Commerce and Industry.

Other members of the board are Dr Johnson P.
Asiama, Second Deputy Governor of the Bank of
Ghana; James Tiigah of the Ghana Export Promotion
Authority; Emmanuel Mammara of the Ministry of
Trade; and Samuel Arkhurst of the Ministry of
Finance.

The acting Chief Executive of the Bank is Dr
Barfour Osei.

Source - Classfmonline

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