GEXIM shifts lending focus to high-impact businesses – CEO
The Chief Executive Officer (CEO) of the Ghana Export-Import Bank (GEXIM), Sylvester Adinam Mensah, says the bank has redefined its lending framework to prioritise commercially viable projects capable of delivering significant economic impact.
The Ghana Export-Import Bank (GEXIM) has shifted its lending focus to high-impact businesses that can deliver significant economic outcomes, according to the bank's CEO, Sylvester Adinam Mensah. Speaking at the commissioning of the Northshore Apparel Hub in Savelugu, Mr. Mensah emphasized that GEXIM's financing decisions are guided by development outcomes rather than sentiment.
The bank's new lending framework prioritizes projects with the potential to create jobs, expand production, and strengthen Ghana's export capacity. The Northshore Apparel Hub, supported through a blended financing arrangement involving GEXIM, Germany’s KfW Development Bank, and equity contributions from project promoters, exemplifies this approach.
The investment aligns with GEXIM's five-year strategic plan, which aims to transform the garment and apparel manufacturing sector as a key driver of economic growth.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
