Ghana targets export growth with G-NEXID program

The Ghana Export-Import Bank (GEXIM) hosted the 6th Exchange Programme for the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) in Accra. This event brought together banks and institutions to talk about trade and investment between developing countries.

Key discussions centered on how Ghana can improve its trade within Africa and with other countries. GEXIM shared its ways of making trade easier. Guests learned about investment chances in Ghana, especially with the African Continental Free Trade Area (AfCFTA).

The Ministry of Finance gave an update on Ghana’s economy, including the challenge of national debt. The Ghana Investment Promotion Centre (GIPC) showed potential investment areas. GEXIM and Development Bank Ghana (DBG) explained their work and services.

A major focus was on the 24-Hour Economy and Accelerated Export Development Programme. This national plan aims to make Ghana’s industries work more hours and boost exports. It also seeks to reduce the country’s reliance on imports. This program offers chances for G-NEXID members to help with funding, guarantees, and trade finance.

Participants showed interest in specific business areas like poultry and rice farming. They also stressed the need to share information and good practices, especially for trade guarantees.