Audio By Carbonatix
The Minister for Trade and Industry, Elizabeth Ofosu-Asjare, has reported that the Ghana Export-Import (EXIM) Bank disbursed a total of GHS 304 million in 2025, recovering GH¢ 107 million while continuing efforts to retrieve legacy loans. She made these disclosures during her appearance at the Government Accountability Series.
According to Minister Ofosu-Asjare, the Bank is actively pursuing the recovery of non-performing loans from earlier disbursements, a process aimed at strengthening its financial base and ensuring funds are available for productive investments.
“Recovery of legacy loans remains a top priority for EXIM Bank to protect public resources and support sustainable development,” she said.
Looking ahead, the Minister indicated that plans are in place to raise up to USD 200 million from the capital markets.
This funding is intended to complete stalled projects and safeguard existing investments, particularly in critical sectors that contribute to national economic growth.
Minister Ofosu-Asjare also highlighted ongoing efforts to revitalise Ghana’s defunct state-owned enterprises (SOEs).
Transaction advisors are being recruited to assess the viability of these entities, while interim management teams have already begun technical evaluations, including work at the Komenda Sugar Factory.
She emphasised that these initiatives reflect the government’s commitment to using EXIM Bank as a strategic tool to support industrialisation, protect investments, and ensure that Ghana’s public funds are efficiently deployed for economic transformation.
“Our goal is to unlock the potential of stalled projects, strengthen SOEs, and safeguard public resources for long-term national development,” she added.
Latest Stories
-
Israel pounds Beirut suburbs after Hezbollah launches rocket barrage
13 minutes -
Bank of Africa donates to National Chief Imam’s office to support Ramadan
19 minutes -
Communications Minister Launches iCOLMS-GH to streamline courier sector, gives operators 19-day compliance deadline
44 minutes -
Prudential Ghana agent earns multiple honours locally and Africa
47 minutes -
Vote for a competent, grassroots person as organiser to help NPP reclaim power – Ali Maiga Halidu
51 minutes -
25 MDAs sign data-sharing pact with Ghana Statistical Service
56 minutes -
Legacy Girls’ College celebrates national recognition of two students at 2025 WASSCE
1 hour -
Oil price jumps despite deal to release record amount of reserves
1 hour -
Sahara Group commissions 40,000cbm Asharami Ghana LPG vessel to advance clean energy access in Ghana
1 hour -
Ghana’s Ambassador to Côte d’Ivoire marks 69th independence day with call to ‘build prosperity and restore hope’
1 hour -
COCOBOD to distribute 27,000 sprayers and 89,000 PPE sets to cocoa farmers
1 hour -
Ntim Fordjour accuses NDC of ‘double standards’ over presidential travel
2 hours -
Israel–Iran war shakes global insurance industry; Ghana may face heavy impact – Dr Kingsley Agyemang
2 hours -
DJ Mensah calls for national support for Rapperholic UK as Sarkodie eyes O2 Arena
2 hours -
COCOBOD disburses GH¢4.2bn to Licensed Buying Companies to settle cocoa farmers’ arrears
2 hours
