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EXIM Bank Pumps Ghc 1.2 Billion Into 1D1F

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THE GHANA Export Import (EXIM) Bank has injected a whopping Ghc 1.2 billion to support the One District One Factory (1D1F) initiative of the NPP government.

The move, among other things, is intended to boost job creation and also transform the local economy in order to make life comfortable for the citizenry.

 

 

Lawrence Agyinsam, the CEO of the Ghana Export Import (EXIM) Bank, made the disclosure when he paid a working visit to the General Secretary of the NPP,  Lawyer Justin Frimpong Kodua at the NPP headquarters in Accra.

“The EXIM Bank has injected almost 1.2 billion Ghana Cedis in support of the One District One Factory initiative”, he said “nearly fifty percent (50%) of the One District One Factory initiatives are being financed by the EXIM Bank”.

Agyinsam said his outfit has not been discriminatory in supporting various developmental initiatives as it has footprints in almost all sixteen regions, and is determined to do more in line with President Akufo-Addo’s vision of a Ghana Beyond Aid.

Present at the important meeting were William Yamoah, Director for Finance and Administration; and Evans Nimako, Director of Research and Elections.

According to the CEO, the visit was aimed at cementing the cohesion between his outfit and the party functionaries under the Party-Government engagement initiative by the national executive body of the NPP.

General Secretary:

In his welcome address, Lawyer Justin Kodua commended Agyinsam for his timely visit and his efforts to support government’s programmes to succeed.

He urged all other government appointees to continously engage party leadership and other stakeholders to build a united front ahead of the 2024 general elections.

Details:

Significantly, the Ghana EXIM Bank has since 2017, been the principal financial institution driving the export of Ghanaian made products.

For instance, the export of manufactured goods from Ghana to other parts of the world remains central to the Ghana Beyond Aid agenda, hence government’s decision to support Ghanaian exporting companies and enterprises through the EXIM Bank.

Interventions:

Recounting some of the numerous interventions by his outfit, Agyinsam said nine indigenous pharmaceutical companies have received various funding supports from the EXIM Bank in tandem with government’s vision to increase the local production of some basic medical supplies.

He also disclosed that several shea butter processing companies, poultry farmers and nearly two hundred greenhouse agricultural outfits have been supported by the EXIM Bank.

Background:

Following the introduction of the party-government engagements initiative, leaders of the party have hosted some government appointees, and expect to interact with several others over the course of time.

By Michael Ofosu-Afriyie 

Kumasi

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