Frequently Asked Questions

The Ghana Export-Import Bank (GEXIM) was established in 2016 under the Ghana Export-Import Bank Act 2016 (Act 911) to support the Government’s goal of building a sustainable, export-led economy.

GEXIM is fully owned by the Government of Ghana.

GEXIM’s Role, Functions, and Services

The Bank provides finance, risk-bearing services, trade and market information, and export advisory services to the Ghanaian export community.

GEXIM operates as a Policy and Development Finance Institution (DFI) focusing on high-growth sectors of the economy. Unlike commercial banks, GEXIM does not accept customer deposits and concentrates on Non-Traditional Exports (NTEs), with a special focus on underserved areas like value addition to agricultural produce.

  • Pre-shipment Credit: Supports manufacturing with short-term loans and import finance for raw materials.
  • Post-shipment Credit: Bridges production costs and export sales receipts with facilities like Export Receivables Finance and Buyer’s Credit.
  • Export Development Finance: Offers medium/long-term finance for export project setup, farm acquisition, and company expansion.
  • Cross-Border Investments: Facilitates access to foreign markets for Ghanaian companies.
  • Export Advisory Services: Offers information, advisory, and research services to help exporters assess risks and improve competitiveness.

GEXIM finances export activities along the value chain of non-traditional export products such as cashew, oil palm, mango, and value addition to traditional commodities like cocoa, gold and timber. GEXIM does not support activities directly related to traditional export products such as unprocessed gold, timber and crude oil among others.

Support includes credit products, capacity building, market access, and research and advisory services.

GEXIM supports Clean Development Mechanisms and encourages clients to adopt environmentally sustainable practices in line with IFRS standards. GEXIM is a proud recipient of a Certificate of Merit for financing sustainable projects.

Clients must obtain an Environmental Impact Assessment (EIA) certificate from the Environmental Protection Agency, proving that their operations do not harm the environment.

Application and Loan Process

To qualify, the company must be wholly Ghanaian, and the loan must meet criteria based on socio-economic impact, customer capability, export potential and /or import substitution potential and business sustainability.

Submit a loan application addressed to the CEO, along with a business plan, business registration, audited financial statements (for existing businesses), and other relevant documents.

  • Required documents include an application letter, board resolution, financial statements, cash flow forecasts, bank statements, collateral valuation reports, and regulatory permits, among others.

The average processing time is 21 days.

Financing Terms and Conditions
  • Interest rate: 13-16% (based on risk profile)
  • Facility fee: 1% payable upfront
  • Management fee: 0.5% annually

Acceptable collateral includes mortgages on land, cash deposits, guarantees, vehicles, receivables, and other fixed and floating assets.

  • Yes, GEXIM finances imports of machinery, plant & equipment, and raw materials that are not available locally.

Yes, GEXIM supports import substitution by financing companies that help reduce imports through local production, such as poultry and rice.

Specialized Services and Initiatives

The Tuesday Market is an initiative that promotes made-in-Ghana goods by providing a platform for clients to showcase their products and boost sales. It is typically held on the last Tuesday of the month.

MiG Town is a shop promoting and selling products made in Ghana, providing shelf space for SMEs to increase revenue and visibility.

GEXIM’s Research Services, Advisory Services, and Knowledge Centre provide relevant information and support to help exporters evaluate risks and exploit international opportunities.

GEXIM facilitates Letters of Credit (LCs) through designated financial institutions.

GEXIM transacts with all designated financial institutions (commercial banks).

Corporate Social Responsibility (CSR)

GEXIM’s CSR focuses on agribusiness, education, the environment, and health.