EXIM US SIGNS COOPERATIVE FRAMEWORK AGREEMENT WITH GHANA EXPORT-IMPORT BANK (GEXIM)

The Export-Import Bank of the United States (EXIM) and Ghana Export-Import Bank (GEXIM), recently signed a Cooperative Framework Agreement to finance US exports for Ghana’s industrial development through the establishment of small-scale industries in each of Ghana’s administrative districts.

EXIM US Executive Vice President and Chief Operating Officer, Jeffrey Goettman, and GEXIM’s CEO, Lawrence Agyinsam, signed the Framework Agreement, which is currently in effect, on 14^th April 2019.

The Agreement is a statement of intent to cooperate in utilizing EXIM’s medium term loan guarantees to support financing by GEXIM for on-lending to qualified Ghanaian small and medium-sized enterprises (SMEs) for their purchases of U.S goods and services. EXIM US has set a ceiling of $300 million that can be disbursed in transactions of up to $10 million under EXIM medium–term guidelines.

The official exchange of documents took place in Accra on Friday, 26^th April 2019, at the Auditorium of the EXPORT TRADE HOUSE, GEXIM corporate office in Accra between Hon. Ken Ofori-Atta, Minister of Finance and Her Excellency Stephanie Sanders Sullivan, US Ambassador to Ghana.

Dignitaries who attended the historic event included Hon. Robert Ahomka-Lindsay, Dep. Minister of Trade & Industry, Mr. Kwadwo Gyenfi Boateng, Board Chair, GEXIM, Lawrence Agyinsam, CEO, GEXIM, and other Board members and management staff of GEXIM.

Madam Bonnie J. Cybullco, Vice-President (Acting) Industrial Finance Division, EXIM, USA, witnessed the event on behalf of EXIM, USA.

The Event was fully covered by both local and International media.

We share with you some of the memorable pictures of the event.