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GEXIM to celebrate Ghanaian workers with ‘Workers’ Mart Tuesday Market
May Day, which is also known as International Workers’ Day, is a public holiday celebrated on 1st May every year.
It is a holiday that is recognised in many countries around the world to celebrate the achievements and contributions of workers around the world.
As part of activities to mark this year’s edition of May Day, the Ghana Export-Import Bank (GEXIM) will be hosting a special edition of its popular Small and Medium Enterprises (SME) Fair, Tuesday Market, on Tuesday April 30, 2024.
Dubbed “Workers’ Mart,” the fair is scheduled to take place at the forecourt of the Africa Trade House (next to British Council in Accra) from 8AM to 8PM.
It will be a platform to showcase a wide variety of top-quality Made-in-Ghana products to be sold at unbeatable prices.
According to the Deputy Chief Executive Officer (CEO) of GEXIM, responsible for Banking, Ms. Rosemary Beryl Archer, the Made-in-Ghana products to be displayed are very unique, and authentic, ranging from food and ingredients, beverages, skin and beauty care products, textiles, apparel, garments, leather footwear to slippers and many others.
She added “We at GEXIM are happy to leverage the day to acknowledge the hard work and dedication of our employees and Ghanaian employees in all industries. Also, it has become more imperative in recent times to recognise the importance of labour rights and fair working conditions. The significance of Workers Day goes beyond the commemoration of past struggles, it is an opportunity to reflect on the achievements of the labour movement and to look towards the future to ensure that workers’ rights are protected and that fair and just working conditions are upheld.”
Ms. Archer further stated that the Bank has over the years introduced initiatives to create a diverse and inclusive workplace to ensure that all workers are treated fairly and have access to equal opportunities.
She encouraged members of the general public to make it a point to join in the celebration by attending “Workers’ Mart on Tuesday April 30, 2024 at the forecourt of the Africa Trade House (next to British Council in Accra) from 8 AM to 8 PM which will be climaxed with a “Worker’s Jam”.
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
