Business News of Wednesday, 25 March 2026

Source: www.ghanaweb.com

GEXIM@10: Bank set to expand financing for Ghanaian exporters, MSMEs

Sylvester Mensah, CEO of Ghana Export-Import Bank (GEXIM) Sylvester Mensah, CEO of Ghana Export-Import Bank (GEXIM)

The Ghana Export-Import Bank (GEXIM) is set to expand its financial and technical support to businesses, particularly exporters and small and Medium-Sized Enterprises (MSMEs), as part of a broader strategy to boost competitiveness.

Addressing stakeholders at the Bank’s 10th anniversary conference on March 25, 2026, where Vice President Professor Jane Naana Opoku-Agyemang was in attendance, Sylvester Mensah, CEO of Ghana EximBank, outlined plans to move beyond traditional lending and introduce a wider range of financing solutions tailored to business needs.

“This means going beyond conventional lending,” he said, adding that GEXIM will expand pre- and post-export finance, concessional working capital, export credit guarantees, invoice discounting, factoring, and warehouse receipt financing.

The approach reflects lessons from the bank’s first decade, where access to finance alone proved insufficient for many businesses seeking to scale and compete internationally.

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“Many firms do not fail for lack of ambition. They struggle because capital is expensive or mismatched, logistics are unreliable, market information is weak,” he explained.

To address these gaps, GEXIM will also strengthen advisory services, mentorship programmes, and export readiness initiatives aimed at moving firms from potential to full participation in global value chains.

The strategy places particular emphasis on MSMEs, which are seen as key drivers of job creation and industrial growth.

By combining financing with technical support and market access initiatives, GEXIM aims to provide what the CEO described as “the right capital, in the right form, at the right time,” positioning Ghanaian businesses to compete more effectively both locally and internationally.

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