This was at a meeting, which focused on renewal of the 2019 Cooperative Framework Agreement following the expiration of a Memorandum of Understanding (MoU) in the shortest time possible.

The renewal of the MoU would enable GEXIM to utilise US EXIM’s medium term loan guarantees to procure machinery for qualified Ghanaian Small and Medium-sized Enterprises (SMEs) as well as the purchases of US goods and services.

Mr Sylvester Mensah, the Acting Chief Executive, GEXIM, discussed this new partnership with Mr James Cruse, Acting President, US EXIM, on the sidelines of the just ended spring meetings of the IMF and World Bank Group in Washington DC, USA.

Mr Mensah echoed the government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of the country with GEXIM playing a pivotal role.
He shared with the US EXIM team, the government’s strategic direction of the Bank in line with the resetting agenda to reposition the Ghanaian economy into an export-led one by providing the needed investment to businesses.

Mr Mensah expressed appreciation to Mr Cruse and his team, on behalf of the management of GEXIM , indicating the Bank’s readiness to tap into mutually beneficial opportunities with the US EXIM.

Mr Cruse, on his part, expressed US EXIM’s eagerness to deepen its existing relations with GEXIM, as the two institutions were to meet at the 2025 US EXIM Annual Conference, in Washington DC.

Other attendees of the meeting were Ms Isabel Galdiz, Vice President, International Relations, Mr Moses Klu Mensah, Deputy CEO for Banking, and Mr Jonathan Christopher Koney, Head of International Cooperation.