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Ghana to establish Exim Bank

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Bank of GhanaThe Ghana government says it will set up an export-import bank, according to a press statement from the office of the president copied to ghanabusinessnews.com.

The statement announcing a taskforce to work on the establishment of a Ghana Exim Bank was issued Saturday February 7, 2015.

“President John Dramani Mahama has set up a taskforce to work on the establishment of a Ghana Exim Bank,” it says.

It indicates that the government announced plans to set up a Ghana Export-Import Bank in its 2015 Budget and Financial Estimates, as a step towards the strategic positioning of Ghana as an export-led economy.

“The Ghana Exim Bank will be a vehicle for the consolidation of the current export finance activities of the Export Development and Agricultural Investment Fund (EDAIF), Eximguaranty Company and Export Finance Company,” it adds.

The taskforce will be chaired by Lionel Van Lare Dosoo, the Chair of the Ecobank Board of Directors.

Others on the Board will include Simon Dornoo the Managing Director of GCB Limited, and Steve Williams, a banker.

It will also have representatives from the Association of Ghana Industries, Export Finance Company, Eximguaranty Company, Ghana Export Promotion Authority, EDAIF and the Federation of Ghanaian Exporters, the statement says.

The Bank of Ghana, Ministry of Trade and Industry, Ministry of Finance and the Attorney General’s Department, the statement notes will be included.

By Emmanuel K. Dogbevi

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