We want to be main driving force in revenue mobilisation, says GEXIM

The Ghana Export-Import Bank (GEXIM) says it is set be a driving force in the country's revenue mobilisation efforts

Emmanuel Essilfie-Conduah, senior manager, communications and external relations of the Ghana Export-Import Bank (GEXIM) says his outfit is putting in measures to identity Ghanaian manufacturers with the potential to export to assist them with long term financial support 

Essilfie-Conduah says this will help increase the revenue base of the country. 

“Since its establishment the bank has contributed a lot in the area of export drive economy in this country, we brought a lot into the revenue that the company gets from export products, especially non-traditional export product, going forward the activities of the bank we spread across every corner in this country and we believe that our activities will make a lot of impact again on the export basket of this country’’ he added

He stated the government’s expectation of the US$7.4 billion contractions that the nation experienced in the first half of 2020, will be reversed by outward expansion plans and strategic actions aimed at revenue generation.

Essilfie-Conduah was speaking to Dr Kwaku Agyeman-Budu on the Asaase Breakfast Show in Cape Coast in the Central Region on Wednesday (1 December).

“We cannot talk about export without going into agriculture sector because our basic or our foundation emanate from agriculture so when we are able to make the agriculture sector very viable it will have a positive impact on our country’s non-traditional export that is why consistently the bank has supported this organization all over the years’’ he said.

The Ghana Export-Import Bank (GEXIM) was established by the Ghana Export -Import Bank Act 2016(Act911) to support government of Ghana’s export trade, facilitate cross border trade and make Ghana a pillar in regional and continental trade 

The bank is to facilitate the transformation of Ghana’s economy into an export one by supporting and developing trade between Ghana and other countries, overseas investments by Ghanaian companies and eliminate critical market failures in the Ghanaian economy thereby making Ghana competitive in the global marketplace.

Winifred Lartey

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