Exim Bank commits US$10m to yam export in Ghana

Published 2022년 8월 1일

Tridge summary

The Ghana Export-Import Bank (GEXIM) has announced a US$10 million package to boost yam export, with the aim of maintaining Ghana's position as the world's largest yam exporter. This announcement was made during a stakeholder forum by GEXIM's CEO, Lawrence Agyinsam. The funding is in line with the bank's role to support and develop trade between Ghana and other countries, and to increase Ghana's international competitiveness. In 2020, yam tubers export reached a record high of US$48 million. GEXIM has previously supported the sector with financial and technical assistance to enhance productivity and international trade. Other stakeholders like the Ghana Root Crops and Tubers Exporters Union (GROCTEU) and other organizations have been encouraged to align with global trends and standards in yam production and export.

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Original content

The Ghana Export-Import Bank (GEXIM) has announced a package of US$10 million to support yam export as part of the bank’s effort to develop the sector, and ensure Ghana remains the world’s largest exporter of yam. The announcement was made by the Chief Executive Officer of GEXIM, Lawrence Agyinsam, at a Stakeholder Consultative Forum on Yam Export organised by the bank in Accra. It was under the theme: ‘Facilitating International Trade: The Role of Ghana Exim Bank in Yam Exports’. According to Mr. Agyinsam, the bank, as part of its mandate, is to support and develop – directly or indirectly – trade between Ghana and other countries, and build Ghana’s capacity and competitiveness in the international marketplace; and approved by its Board, is ready to extend this financial support to this sector. “The Ghana Export-Import Bank Act, 2016 (Act 911) mandates us to plan, promote, develop and finance export-oriented concerns, as well as provide support for Small and Medium Enterprises ...

Source: Thebftonline