3 EXIM Bank Board Members Inaugurated

Ken Ofori-Atta administering the oath of office to the new members

Finance Minister Ken Ofori-Atta has sworn-in three new members of the Board of Ghana EXIM Bank, with a call on the nine-member board to prudently utilize the financial resources allocated to them to enable the government achieve its target of implementing the One District, One Factory’ policies.

He said the bank must serve as a stimulus to revamp Small and Medium Enterprises (SMEs) in the export sector to enable the government to create the needed jobs for the unemployed and generate the requisite foreign exchange for the country.

The minister made these comments when he administered the Oath of Office and Oath of Secrecy to Afua Asaabea Asare, Chief Executive Officer of the Ghana Export Promotion Authority (GEPA), Elsie Addo Awadzi, Deputy Governor of the Bank of Ghana (BoG) and Ernest Akore, representing the Ministry of Finance.

Mr. Ofori-Atta said the Ministry of Finance and for that matter the government, will in 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 that “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 country’s economy.

Making a remark on behalf of the Board, the Chairman, Kwadwo Boateng Gyenfi, expressed his appreciation to the minister for the honour done them for the visit, and pledged that under his leadership, the Board would ensure increased export revenue, rapid industrialization of the economy and actualize the confidence reposed in them by President Akufo-Addo.