The Ghana Export and Import Bank (GEXIM) has deepened its strategic cooperation with the Export–Import Bank of the United States (USEXIM) following a high-level meeting in Washington, DC.
Led by Acting Chief Executive Sylvester Mensah, the GEXIM delegation held discussions with US EXIM’s Acting President and Chairman, James C. Cruise, and the bank’s Vice President for International Relations, Isabel Galdiz.
The Ghanaian team also included Moses Klu Mensah, Deputy CEO for Banking, and Jonathan Christopher Koney, head of international cooperation.
The engagement focused on aligning GEXIM’s Strategic initiatives with Ghana’s renewed emphasis, as championed by President John Dramani Mahama.
During the meeting, the Ghanaian delegation outlined the bank’s plans to mobilize investment in support of local enterprises and to drive export expansion.
James Cruise welcomed the renewed momentum in bilateral cooperation and proposed a new cooperative framework Agreement to replace the previous memorandum of understanding signed in 2019.
The proposed agreement would allow GEXIM to access US EXIM’s medium-term loan guarantees for the procurement of machinery by qualified Ghanaian small and medium–sized enterprises (SMEs).
Sylvester Mensah expressed appreciation for the warm reception and reaffirmed Ghana’s commitment to strengthening trade and investment partnerships with global stakeholders, positioning GEXIM as a key driver of national economic transformation.
The two institutions are expected to continue discussions on the sidelines of the upcoming 2025 US EXIM annual conference scheduled for April 29-30, 2025. There, they will explore new avenues for collaboration and opportunities to connect Ghanaian businesses with American partners. Enditem
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