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Ghana Exim Bank commits USD10 Million to yam export
• Mr. Lawrence Agyinsam, CEO of Ghana Exim
The Ghana Export-Import Bank (GEXIM) has announced a package of 10 million dollars (USD10 million) to support yam export as part of the Bank’s effort to develop the sector and ensure Ghana remains the world’s largest exporter of yam.
The announcement was made by the Chief Executive Officer of GEXIM, Lawrence Agyinsam, at a Stakeholder Consultative Forum on Yam Export organised by the Bank on Tuesday, July 26, 2022, in Accra.
It was under the theme: “Facilitating International Trade; The Role Of Ghana Exim Bank in Yam Exports”.
According to Mr. Agyinsam, the Bank, as part of its mandate is to support and develop directly or indirectly trade between Ghana and other countries and build Ghana’s capacity and competitiveness in the international market place and approved by its Board, is ready to extend this financial support to this sector.
“The Ghana Export – Import Bank Act, 2016 (Act 911) mandates us to plan, promote, develop and finance export-oriented concerns as well as provide support for Small and Medium Enterprises engaged in agro-processing and export trade. In 2020, export of yam tubers reached a record-high of US$48 million according to data from the Ghana Export Promotion Authority (GEPA), making the country the world’s largest exporter of yam. With this financial package, we are optimistic to improve on the figures and also entrench our position as global leader when it comes to yam export”, he added.
The GEXIM CEO further highlighted the Bank’s support for the sector at various levels over the years to enhance their productivity as well as build their capacity through technical assistance to boost international trade.
Mr. Agyinsam urged all stakeholders within the yam value chain to be abreast with global trends in the production and export of yam and ensure they conform to the required processes and meet the globally defined standards and certification for yam export.
The Executive Secretary of Ghana Root Crops and Tubers Exporters Union (GROCTEU), Mr. Robert Taylor, called for more support from state agencies and regulators to enable their members to scale up in their operations and increase their productivity.
He further urged yam exporters to strategically position themselves to take advantage of GEXIM’s financial package to increase their exports.
Representatives from other organisations were given the opportunity to make a presentation on their contribution in the value chain. They included the Ghana Standard Authority, Council for Scientific and Industrial Research (Food Research Institute) CSIR, Ministry of Food and Agriculture, Ghana Shippers’ Council and Ghana Export Promotion Authority (GEPA).
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Prof. Mike Oquaye accuses gov’t of ‘secret trial’ of Chief Justice
Former Speaker of Parliament, Professor Aaron Mike Oquaye, has criticised the ruling National Democratic Congress (NDC) over what he described as the mishandling of the suspension of Chief Justice Gertrude Torkonoo.
He is unhappy with the constitutional provision requiring the hearing of the Chief Justice’s case to be held in-camera.
“I am concerned about certain issues that I consider vital, particularly the trial in-camera provision. You will ask yourself what the rationale is for that provision in our constitution, what is its purpose, and if we are to give it a purposeful interpretation, where shall we go? The purpose is it to benefit the people of Ghana as a whole, that the Chief Justice must be trial in-camera…”
He added, “From the very beginning, the constitution tells us justice belongs to the people, it emanates from the people, justice belongs to all of us people, one may say that this provision could be advarance to the one that says trial must be done in-camera.” he said in an exclusive interview with JoyNews.
Prof. Oquaye also raised concerns about the transparency and integrity of the process.
He argued that the judiciary must be insulated from political interference, adding that the current handling of the matter risks eroding confidence in the rule of law.
The Chief Justice was recently suspended following allegations of misconduct, after which a formal petition was submitted to President John Mahama, prompting the formation of a committee to investigate the matter.
The proceedings, however, have largely been conducted in-camera, drawing criticism from sections of the public and some legal minds.
While the NDC government maintains that the suspension was carried out in accordance with constitutional provisions, Prof. Quaye argues that the secrecy surrounding the process undermines the principles of accountability and due process.
Source:Myjoyonline.com
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Committee on Roads and Transport engages Transport Ministry
The Parliamentary Select Committee on Roads and Transport has paid a familiarization visit to the Ministry of Transport and its agencies to perform its legislative oversight and foster collaboration in Ghana’s transport sector.
The visit by the 17-member Committee led by its Chairman, Isaac Adjei Mensah, who is also the Member of Parliament for the Wassa East Constituency in the Western Region, was aimed at getting updates on ongoing projects and foster direct dialogue with agencies under the Ministry’s purview.
The Chairman of the committee described the visit as “a strategic and symbolic gesture” and emphasized the importance of direct engagement with sector leadership to enable informed legislative support.
The Transport Minister Joseph Bukari Nikpe outlined some reforms including a framework to regularize commercial motorcycle operators, popularly known as Okada by lowering the minimum rider age from 25 years to 21 years, which is near completion and will soon be presented to Parliament.
He also mentioned the reviving of Ghana’s national carrier via a public-private partnership, upgrading airport infrastructure, studying coastal routes to ease road congestion, opening a new DVLA branch in Adenta, and upgrading the Ghana Civil Aviation Training Academy.
The minister also disclosed that the ministry is in the process of procuring new buses for Metro Mass and STC.
The other Members of the visiting Committee were Chiwitey Dari Andrew, Vice Chairperson and MP for Sawla/Tuna/Kalba; Osei Nyarko Kennedy, MP for Akim Swedru and the Ranking Member; Francis Asenso-Boakye, MP for Bantama; Frimpong Kwame Ohene, MP for Asante Akim North; Cudjoe Doyoe Comfort, Ada MP; Marfo Ahenkorah Kofi, MP for Achiase; Mahama Toure Naser, Ayawaso East MP; Ziedeng Anwataazumo Bede, MP for Lawra and Mubarak Seid, MP for Sunyani East.
The Committee also visited the Civil Aviation Authority and the Civil Aviation Training Centre to be acquainted with its functions and operations.
