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: Ghana/AccraFM.com
