Export-Import Bank of Ghana (GEXIM)
The Ghana EXIM Bank evolved as a result of a merger of 3 Government agencies namely:
1. EXPORT TRADE, AGRICULTURAL AND INDUSTRIAL DEVELOPMENT FUND (EDAIF)
Established in 2002 under Act 582, EDIF was set up to provide financial resource to export oriented activities especially non-traditional products. It was amended in 2011 to Act 823 as EDAIF to provide financial resources for the development and promotion of Agriculture relating to agro-processing and agro-processing industry to give the agricultural sector an additional attention and support. In 2013, Act 823 was replaced with Act 872 which added to EDAIF’s mandate, the provision of resources for industrial development.
2. EXPORT FINANCE COMPANY (EFC)
Established in 1989 as a Special Purpose Vehicle (SPV) to provide financial and other related support to the Non-Traditional Export Sector (NTEs) of the Ghanaian economy.
3.EXIMGUARANTY COMPANY LIMITED
Established in 1994 to provide credit guarantees and general financial risk management solutions SMEs.
Ghana Export-Import (GEXIM) Bank is the principal export Finance institution of the Government of Ghana.
GEXIM was established by The Ghana Export-Import Bank Act 2016 (Act 911). The Ghana Export-Import Bank (GEXIM) has been launched to bolster the Government of Ghana’s quest for a feasible and sustainable export-led economy.
The merger has been successfully completed. Staff of the three companies have been fully integrated into the Ghana Exim Bank.See more