News
Ghana Exim Bank deepens relations with India Exim Bank
The Deputy Chief Executive Officer of the Ghana Export–Import Bank (GEXIM), responsible for Finance and Administration, Mrs. Nana Akyaa Obeng-Adiyiah, on behalf of the Chief Executive Officer, Mr. Lawrence Agyinsam, has met with Management of the India Export–Import Bank (India EXIM) led by the Managing Director, Ms. Harsha Bhupendra Bangari.
The meeting took place on Wednesday June 14, 2023 on the sidelines of the 18th CII – EXIM Bank Conclave on India Africa Growth Partnership held at the Taj Palace in New Delhi, India, from 14th to 16th June 2023.
Over 200 International and Indian delegates across export agencies, multilateral institutions, private credit insurers, governments, diplomats, and many more attended the 18th CII – EXIM Bank Conclave.
The meeting was to deepen the existing cordial relationship between the two Banks, provide an opportunity for the two institutions to identify ways of building synergy, and possible collaboration in existing as well as new areas of interest for mutual benefit in addition to sharing insights on their respective operational processes.
Ms. Bangari expressed her excitement about the gains Ghana has made over the years through initiatives by GEXIM and further indicated India EXIM Bank’s interest in collaborating with GEXIM and the Government of Ghana to play a strategic role to develop several industries across the country in line with Ghana’s industrialization agenda.
“We have been monitoring the situation in Ghana and the negotiations with the International Monetary Fund (IMF) since last year. We are hopeful Ghana will come out of its current economic challenges stronger and its economy will bounce back.
As indicated, we are keenly interested in partnering with Ghana Exim Bank and the Government of Ghana in the One District One Factory initiative which is similar to one of the India EXIM Bank’s developmental projects dubbed, One District, One Product”, she added.
On her part, Mrs. Obeng-Adiyiah reiterated GEXIM’s mandate in championing the transformation of Ghana’s economy into an export-led one and the elimination of critical market failures in the Ghanaian economy to make Ghana competitive in the global marketplace.
“We are grateful to the Management of India EXIM Bank, especially the Managing Director, Ms. Bangari, for making time to host us, it shows the importance you attach to the relationship between us. We are excited about the great engagement today and very optimistic about the positive outcomes to help in stabilizing the Ghanaian economy. We look forward to the collaboration with India EXIM Bank on the One District One Factory flagship programme of the Ghanaian Government and resumption of the exchange programme between the two Banks to build the capacity of staff members,”she emphasized.
Other members of the GEXIM team at the meeting were Mr. Emmanuel Kofi Atubra, Senior Manager, Procurement, and Mr. Jonathan Christopher Koney, Assistant Manager, Corporate Affairs & International Cooperation.
News
Government, GoldFields,reach agreement on Damang Mine
The Government of Ghana and Goldfields Ghana Limited have reached an amicable agreement on a transitional plan for the Damang Mine.
The operational modalities of the transition involve issuing a new 12-month mining lease to Goldfields’ subsidiary, Abosso Goldfields Limited, pending parliamentary ratification in
May 2025.
Under the new arrangement, Goldfields will resume open-pit mining during the transition period, safeguarding jobs and conducting feasibility studies to establish Damang’s reserves and mine life.
At the same time, the processing of existing stockpiles will continue under the supervision of a joint management team composed of representatives from the Government of Ghana
and Goldfields. The two parties will work in good faith to secure a successful transition and eventual transfer of a viable mine to Ghanaian ownership.
Both parties have agreed to advance discussions in good faith on the renewal of the lease for the Tarkwa mine, due in 2027, and pledged to work together to enhance Ghana’s
potential in the mining sector as a favourable investment destination,
News
Ophelia Crossland appointed as new Creative Director of Nineteen57
In an exciting turn for Ghana’s fashion industry, celebrated designer Ophelia Crossland has officially assumed leadership of Nineteen57, the iconic menswear brand founded by her husband, Kofi Okyere-Darko (KOD).
This transition follows KOD’s recent appointment as Director of Diaspora Affairs at the Office of the President—a prestigious national role that reflects his continued service to Ghana on a global scale.
With this new chapter in public service, the reins of Nineteen57 have now passed to Ophelia Crossland, who will take on both the day-to-day operations and creative direction of the brand.
Ophelia Crossland, the CEO and founder of her eponymous womenswear label, brings over a decade of experience in luxury fashion.
Known for her keen eye for detail and mastery in haute couture, her leadership is expected to usher in a new era for Nineteen57—one that blends timeless African sophistication with modern sensibilities for the stylish gentleman.
“Nineteen57 has always stood for bold sophistication and African excellence,” said Ophelia Crossland. I’m excited to build on that legacy and explore new creative horizons with the team,” she said.
The transition marks a defining moment for the fashion power couple—Ophelia taking the creative lead in fashion innovation while KOD serves the nation in his new diplomatic role.
Together, they continue to elevate Ghana’s presence across fashion and governance.
