Eximbank of Ghana
Ghana Export-Import (GEXIM) Bank is the principal export Finance institution of the Government of Ghana.
The Ghana EXIM Bank’s 5 year strategic objectives 2017 - 2022 are the following:
• Increase Non-Traditional Export from its average annual revenue figure from USD 2.4bn to USD 5bn by 2022.
• Develop crops such as avocado, sweet potatoes and coconut into major Non-Traditional export products a by 2022.
• As agent of Government (Act 911, Function 25), be a key finance partner for effective implementation its Industrialization agenda and special Initiatives such as One District One Factory (1D1F).
• Finance and develop strategic import substitute products; eg. Poultry and rice. The Bank expects to support the reduction of Ghana’s import bill by a minimum of USD300 million by 2022.
• Increase the capacity of the Ghanaian exporter through effective collaboration with key strategic partners such as the Ghana Export Promotion Authority, the Food and Drugs Authority and the Ghana Standards Authority.
• Make Ghana an export pillar regionally and globally by providing financing support to complement the efforts of exporters.
• Develop human capital with the capacity to support the transformation of Ghana into an export led economy by 2022.
The Ghana EXIM Bank evolved as a result of a merger of 3 Government agencies namely:
1. EXPORT TRADE, AGRICULTURAL AND INDUSTRIAL DEVELOPMENT FUND (EDAIF)
Established in 2002 under Act 582, EDIF was set up to provide financial resource to export oriented activities especially non-traditional products. It was amended in 2011 to Act 823 as EDAIF to provide financial resources for the development and promotion of Agriculture relating to agro-processing and agro-processing industry to give the agricultural sector an additional attention and support. In 2013, Act 823 was replaced with Act 872 which added to EDAIF’s mandate, the provision of resources for industrial development.
2. EXPORT FINANCE COMPANY (EFC)
Established in 1989 as a Special Purpose Vehicle (SPV) to provide financial and other related support to the Non-Traditional Export Sector (NTEs) of the Ghanaian economy.
3. EXIMGUARANTY COMPANY LIMITED
Established in 1994 to provide credit guarantees and general financial risk management solutions SMEs.
The merger has been successfully completed. Staff of the three companies have been fully integrated into the Ghana Exim Bank. The establishment of the Bank is expected to improve the country’s export competitiveness, foreign exchange earnings and balance of trade.