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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Terkper lobbies businesses on EXIM bank

bycitibusinessnews
August 18, 2016
in Government, Local Economy, Top Stories
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Finance Minister, Seth Terkper has intensified lobbying for private sector businesses to enroll onto the Ghana Export and Import [Exim] bank and promote the country’s exports market.

“I would want to entreat the private sector to partner with government in these institutions, it is true that the State Owned Enterprises will benefit but I think we can be part of changing all these institutions for investment and trade,” the Minister appealed.

Citing the growth witnessed by the country’s cocoa sector with the Ghana COCOBOD adopting strategies to attract investments for the purchase of cocoa beans since 1994, Seth Terkper was hopeful of the prospects of Ghana’s exports with a boost in patronage of the Exim bank targeted at exports.

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“We can learn from this model [adopted by the COCOBOD] and from Exim bank practices elsewhere; escrow the export earnings for our private sector who are exporters and through the process, bundle all these earnings together and borrow from the international market at competitive rates.”

Meanwhile the Finance Minister has announced plans by government to re-strategize the Exim bank to enable exporters accrue enough funds and borrow from the international market for expansion.

The Ghana EXIM bank is mandated to support and develop direct and indirect trade between Ghana and other countries by building the capacity and competitiveness of Ghanaian importers and exporters.

The bank would also bridge the imbalances that had over the years, been registered in the trade and infrastructural development.

Reiterating the need for private sector participation, Seth Terkper maintained the move will leverage Ghana’s quest to become a middle income country.

“As we become a middle income country I think we need to also develop these schemes,” he further remarked.

The aim of establishing the Ghana Exim Bank is to create an institution that consolidates past efforts and becomes the key engine for developing Ghana’s exports sector.

The bank, which is to be a non-deposit-taking institution, will assist exporters to compete internationally by providing insurance and financial facilities in support of their activities.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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