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GEXIM to commemorate Eid Al Fitr with “Eid Mart Tuesday Market”

To commemorate this year’s Eid Al Fitr celebration, Management of the Ghana Export – Import Bank (GEXIM) has announced it will be hosting the “Eid Mart Tuesday Market” on Tuesday April 9, and Wednesday April 10, 2024.

“Eid Mart Tuesday Market” is a special edition of the Bank’s popular Small and Medium Enterprises (SME) Fair dubbed Tuesday Market, scheduled to take place at the forecourt of the Africa Trade House (next to British Council in Accra) from 8am to 8pm.

The fair is expected to create a platform to showcase a wide variety of top quality Made-in-Ghana products at unbeatable prices.

Some of the very unique, and authentic products to be exhibited include food and ingredients, beverages, skin and beauty care products, textiles, apparel, garments, leather footwear to slippers and many others.

The Deputy Chief Executive Officer (CEO) of GEXIM, responsible for Banking, Ms. Rosemary Beryl Archer indicated that Eid al-Fitr is a special celebration by Muslims worldwide to mark the end of the month-long dawn-to-sunset fasting of Ramadan, and as such, it must be celebrated with the very best and finest of Ghanaian products.

“This is the fifteenth edition of Tuesday Market which coincides with the special celebration of Eid al-Fitr. Over the years, Tuesday Market has become that platform to help to stimulate the demand for local products while ensuring the quality and durability of Made-in-Ghana goods and services,” she said.

According to her, ” We will be unveiling our next line of star products at this special edition and also have specially selected products and services for the Muslim community on display.”

Over the years, the Bank has been championing the repositioning of the Ghanaian economy into an export-led one and has introduced several initiatives to encourage Ghanaians to consume locally manufactured products and services, which will ultimately lead to economic development.

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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