EximBank Board charged to boost SME growth

Finance Minister Hon. Ken Ofori Atta has sworn in three members of the Ghana Exim Bank Board with a call on the 9-member Board to prudently utilize the financial resources allocated to them.

He believes this will enable the government achieve its target of implementing the IDIF Project.

Mr. Ofori Atta said the Bank must serve as a stimulus to revamp Small and Medium Enterprises (SMEs) in the export sector to enable the government create the needed jobs for the unemployed, and also generate the needed foreign exchange for the country.

The three who took the Oath of Office and Oath of Secrecy were; Ms. Afua Asaabea Asare, Chief Executive Officer, representing the Ghana Export Promotion Authority, Mrs. Elsie Addo Awadzi, Deputy Governor of the Bank of Ghana and Mr. Ernest Akore, representing the Ministry of Finance.

Hon. Ken Ofori Atta said the Ministry of Finance and for that matter, the government will, under the 2019 Budget, vigorously pursue industrialization, agriculture, business and entrepreneurship and called on the Bank to closely work with the Ministry to execute that agenda.

He used the occasion to advise the Board to adhere strictly to Strategy and good corporate governance practices and ethics to ensure transparency in their activities stressing “Ghana Exim Bank can efficiently leverage and learn from the good practices and experiences of Sister Exim Banks that you are affiliated to”.

The Minister promised to deepen relationship with the Bank and the Ministry of Trade and Industry and other stakeholders to re-align their activities for the benefit of the economy.

Responding, Board Chairman, Mr. Kwadwo Boateng Gyenfi, on behalf of the Board, expressed his appreciation to the Minister for the honour done them for the visit and pledged that under his leadership, the Board will ensure increased export revenue, rapid industrialization of the economy and will actualize the confidence reposed in them by H.E. The President of Ghana.

The Board is the highest decision-making organ of the Bank.

Source: Ghana EximBank

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