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
-
Power restoration fault suspected in Kumasi Central Market fire
3 hours -
The 7-foot giant of Ngleshie Amanfro: Seven-foot Ghanaian Ephraim Saawa dreams of joining the national basketball team
3 hours -
Government promises support for Kumasi Central Market fire victims
3 hours -
Vibes The Movie: Big Ghun’s Ghanaian film earns five nominations at 2026 REFFA
4 hours -
MamaCare CEO warns unresolved conflicts among health workers could undermine maternal and neonatal care
4 hours -
Health professionals urged to translate medical knowledge into practice to save mothers
4 hours -
Conflicts among care providers linked to maternal, neonatal deaths – Expert
6 hours -
GIS marks 10th TIME conference, champions improved teaching practices
6 hours -
BRICS Or Balance? What Ghana’s bid really means
7 hours -
GPRTU wants full TRAFFITECH-GH implementation to start in 2027
7 hours -
Mahama announces plans to import electric wheelchairs for PWDs
7 hours -
KGL U17 Colts 2026: Western beat Prempeh Elite Academy to set up final final with Greater Accra Region
7 hours -
Late Solanke strike salvages 10-man Spurs draw at Man United
7 hours -
Gender Ministry to monitor welfare of Nana Akua Addo’s children amid domestic violence case
8 hours -
Benedict Okyere Yeboah: Ghana’s football problem goes beyond sacking a coach
8 hours