By Alex Ababio
A bank is a financial institution authorised to receive deposits and give loans. For instance, banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. Usually banks provide service such as savings accounts, checking accounts, loans mortgage, credit cards among other financial services In most countries, banks are regulated by the national government or central bank.
In Ghana banks are regulated and supervised by Bank of Ghana.
There are countless number of banks currently in operation in Ghana.One of such banks is Exim Bank Ghana.
Exim Bank Ghana:
The Ghana Export-Import Bank (GEXIM) was established by the Ghana Export-Import Bank Act 2016 (Act 911) to promote and support the Government of Ghana’s vision for a feasible and sustainable export led economy.
Vision
To become a strong financial institution that will be a key engine in the development of Ghana’s export trade, facilitate cross border trade and make Ghana a pillar in regional and continental trade
Mission
To facilitate the transformation of Ghana’s economy into an export one by supporting and developing trade between Ghana and other countries, overseas investments by Ghanaian Companies and eliminate critical market failures in the Ghanaian economy thereby making Ghana competitive in the global marketplace
A of Profile EXIM Bank Ghana
Background, objectives and products, branches, CEO, latest updates
Could it be said that you are at present thinking about saving money with Ghana EXIM Bank? Do you know the services it offers, its goals and branch across the Ghana ? Indeed, the accompanying data will assist you with seeing more about EXIM Bank Ghana.
EXIM Bank Ghana
EXIM bank has a long foundation that traces all the way back to 1989. Its set of history additionally includes three distinct financial entities . The bank consolidated between the accompanying: 1. Export Trade, Agricultural and Industrial Development Fund (EDAIF)
The bank was established in 2002 under Act No 582, EDIF (Export Trade Agriculture and Industrial Development Fund) principle point was to give financial resources to export-oriented activities, particularly those connected with contemporary products. In 2011, another act was introduce to add a couple of mandate to the organization. Its new point was to give subsidizing to agriculture related adventures, for example, agro-handling businesses. In 2013, the previous was supplanted with Act 873, which added financial resources for Industrial Development to its mandate . With more arrangements, EDAIF became one of the important finance institution in Ghana at that point.
EFC was established in 1989 as SPV (Special Purpose Vehicle) to give financial guide to the Non-Traditional Export of the Ghanaian economy. Later it was rebranded to Export Finance Company (EFC). Very much like the name recommends, it managed export financing. 3. EXIM-Guaranty Company Limited EXIM-Guaranty Company Limited (ECL) was established in 1994 to give risk the board and assurance answers for Small-Medium Enterprises. The over three establishments were totally merged to one major institution on 29th March 2016 by Act 911. This saw the production of The Ghana Export-Import Bank (GEXIM). The bank is currently prevalently known as EXIM and not GEXIM.
At this point, the consolidation has been fruitful. Every one of the workers from the establishing three institution have been completely incorporated into the day to day activity of EXIM bank. Trade Import Bank Ghana goals An individual pulling out cash at the ATM machine.
EXIM being one of the entities, in this manner has been assigned its responsibilities.
The monetary establishment primary point is to facilitate the change of the country’s economy through supporting and creating commodity and import industry. This is finished by directing and advancing exchange among Ghana and different nations. The institution additionally oversees abroad ventures possessed by the Ghanaian government.
By working with the commodity and import areas, the bank takes out any critical market failure in the nation’s economy. This makes Ghana more aggressive in the worldwide commercial center. EXIM bank’s vision is to turn into the most grounded monetary establishment in Ghana that will be the most critical engine in the economic development of Ghana and enhancement of commodity exchange. The bank likewise needs to make Ghana one of the most pivotal points of support in Africa’s exchange.
EXIM Ghana Board
The board structure of EXIM Ghana and the executives structure is separated into two:
Chief Management :
This division directs the whole activities of the association. It comprises of the accompanying individuals:
Chief Director – They supervise the institution’s everyday activities and reports straightforwardly to the Board of Directors.
The current EXIM Ghana CEO is Lawrence Agyinsam.
Representative Executive Director – Banking: This position is answerable for regulating the activities connected with banking.
The current Banking Deputy Executive Director is Nana Ama Poku. Representative Executive Director – Financial and Administration: Responsible for dealing with the organization’s funds and supervising different offices. Kwame Adu-Darkwa presently stands firm on this situation.
EXIM Ghana Board of Directors
The EXIM Bank Board of Directors is comprised of people who address various partners inside the general public. They guarantee that the interests of these groups are addressed at each level of the decision making process. These incorporate; Government authorities, private area delegates, government workers, etc.
The current EXIM Bank Board individuals include: Mr Kwadwo Boateng Genfi – Board Chairman Robert Ahomka-Lindsay – Representative Ministry of Trade and Industry Nana Dr Appiagyei Dankwawoso 1 – Representative Private Sector
Lady Catherine Quaidoo – Representative Private Sector Rev. Peter Kwame Abrebrese – Representative Private Sector Lawrence Agyinsam – Chief Executive Officer Ernest D. Akore – Representative Ministry of Finance. Mr Kwabena Adjei Mensah previously stood firm on this foothold Mrs. Elsie Addo Awadzi – Representative Bank of Ghana Dr Afua Asabea Asare – Representative Ghana Export Promotion Authority
EXIM Bank Ghana products
EXIM bank offers a wide scope of products. They incorporate the accompanying: 1. Pre Shipment credit facility: Provides investors with access to funds to buy their unrefined materials or other inputs . This facility likewise offers importation of information sources that will be utilized to deliver merchandise for export. Coming up next are given under this office:
Import Finance
Distribution center Financing Short-term credits Bridge Finance
. Post Shipment Credit: Bridges the gap between trade deals and production costs. This permits investors to have income and lessen their working cycles. Coming up next are presented here: Export Receivables Finance Bills Discounting Buyer’s Credit 3. Contingent Liabilities: Allows organizations to acquire assets against future commodities. This assists them with overseeing chances related with dubious business sectors.
Coming up next are presented as contingent liabilities:
Provider Credit Guarantee Letters of Credit Loan Guarantee
Export Development Finance: Offers long term finance offices to private companies to assist them with venturing into new business sectors. It likewise helps exporters in getting to worldwide exchange open doors. 5. Cross-Border Investments: Encourages Ghanaian investors to contribute abroad. This help gives investors : Working capital Equity interests in different organizations Money to gain business assets Acquisition of any brands or privileges Acquisition of different organizations .Any other movement that is eligible for subsidizing by EXIM
6. Project Exports:
Provides financing to exporters to assist them with fostering their ventures. Tasks can include anything from fostering a plan to building industrial facilities.
7. Research and Advisory:
Helps clients distinguish market drifts and give counsel on how best to take advantage of those patterns. Administrations gave include: Market research Business plan development Strategic planning. Marketing system
EXIM Bank Branches and contacts
In case that you have any inquiries, need to open a account with the bank, or would like more data about its product, kindly reach out to one of these branches:
Head Office Physical area: Africa Trade House, Ambassadorial Enclave, Liberia Road, Accra, Ghana. Telephone 1: 0302-234668 Phone 2: 0302-234669 Phone 3: 0302-234664
EXIM Bank Ghanasite:www.eximbankghana.com
Kumasi Branch Physical area: 116 Dr. Addo Kuffour Avenue, Danyame, inverse. Companions gardens Phone 1: 057-8594352 Phone 2: 057-8594351 3.
Tamale Branch
Actual area: second Floor SSNIT Pension Tower, Dagomba Street GPS Address: NT-0010-5301, Postal Address: P.O. BOX 2314, Tamale Phone 1: 0372-028053 Phone 2: 0302-234664 4.
Ho Branch
Actual area: second Floor, Atsu Briggar’s Plaza, Muvie Street, Ho Phone 1: 0362 027773 Phone 2: 0362 028392 5. Takoradi Branch Physical area: first Floor Arccu House 4/10 Lorna Avenue, Top Ten Phone 1: 0312 002262
Telephone 2: 0312 002263 EXIM Bank Ghana enlistment and most recent news EXIM Bank publicizes opening now and again. These opening are recorded on their site under the “News” tab. On this tab, you will likewise get a rundown of the relative multitude of tenders available to all.
On the other hand, you can follow EXIM bank via social media to remain tuned in with all their most recent news around tenders, enlistments and substantially more. Ensure you follow the legitimate online platform records to keep away from tricksters or scammers
EXIM Bank Ghana essentially offers commodity and import related administrations. Since this is an administration entities , their loan fees are a lot of lower than other unspecialized financial organization. In the event that you want any explanations or counsel with respect to the administrations presented by this bank, utilize the contacts recorded above to connect.
[4/16, 10:38 PM] Alexander: U