Thursday, 20 November 2014

Ghana’s Cabinet approves establishment of Ghana Export-Import Bank

Ghana’s Cabinet has approved the creation of a Ghana Export-Import Bank to lead in the strategic positioning of Ghana as an export-led economy, Finance Minister Seth Terkper announced in Parliament on Thursday 19, 2014.

Presenting the 2015 budget to Parliament on Wednesday, Mr Terkper said the establishment of the EXIM, will also enable Ghana to take advantage of international trade initiatives such as African Growth and Opportunity Act (AGOA) and Economic Partnership Agreement (EPA).   

He said the transformation agenda, which had been articulated by President John Mahama clearly indicated the need to transform the economy into an export oriented economy.

“It is necessary to adopt policies that tilt our economy predominantly towards exports. To achieve the desired transformation,” he said.     Read More...

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