A nine member governing board chaired by astute businessman and entrepreneur, Kwadwo Boateng Genfi was also inaugurated last Tuesday in Accra to help streamline the direction of the bank.

The Ghana Exim bank is expected to improve the country’s export competitiveness, to rake in much needed foreign exchange and improve Ghana’s balance of trade.

Ghana’s Exim bank would collaborate with other Exim banks across the globe including US Exim bank.

• Lawrence Agyinsam joins the bank with extensive experience in the financial sector.
• His experience spans the whole gamut of managing banking business from the formulation and implementation of commercial banking strategy, managing the overall budget of retail and SME banking to managing the bank’s marketing communication, corporate communication and market intelligence.
• Prior to his appointment as CEO of Ghana EXIM Bank, Lawrence was the CEO of Broadview Group, which consists of Broadview Trust, Broadview Capital and Broadview Consult.
• At Broadview, he was responsible for providing the overall strategic direction and focus for Broadview Group in fulfilling its core mandate as a licensed corporate trustee.
• He was also responsible for the overall strategic planning, policy development and asset management of the firm.
• In the period 2005-2012, he worked at Bank of Africa in various capacities as Head of Retail Banking, Head of Public Sector, Acting Head-Corporate Banking, Assistant General Manager-Business Development and Executive Head of Commercial Banking.
• Before Bank of Africa, Lawrence worked with UT Financial Services where he was appointed as IT/Finance Consultant to advice the Chief Executive on financial service technologies and software implementation. He also played a key role as a lead consultant in the implementation of the Unisoft software.
• He has also had stint with Ghana Institute of Management and Public Administration (GIMPA) as well as Food and Agriculture Organisation of the United Nation where he was the information analyst and budget officer respectively.
• Lawrence holds an MBA from Leicester University, UK and has several certificates and diplomas from various institutions both local and international including International Labour Organisation(ILO), Italy and Ghana Institute of Management and Public Administration(GIMPA)
• He is a family man and a christian

–

By: citifmonline.com/Ghana

The post 10 things to know about Exim bank CEO Lawrence Agyinsam appeared first on Citi 97.3 FM - Relevant Radio. Always.

He is among eight others on the board.

Speaking at the inauguration of Board on Tuesday the Deputy Finance Minister, Kweku Kwarteng charged them to pursue pragmatic policies and programs to boost Ghana’s competitiveness on the international market.

He also admonished the bank to help Ghana become an export-led economy.

The Exim Bank is among others expected to support local producers with the necessary financial and technical expertise to position them to compete favourably with foreign companies.

“The Ghana Export-Import Bank was set up by an Act of Parliament. Act 911, 2016 to: Support and develop directly or indirectly trade between Ghana and other countries and build Ghana’s capacity and competitiveness in the international market-place. In order to operationalize and implement its core mandate, a competent Board has been constituted to provide broad policy framework and guidelines for the effective and efficient management of the Bank,” Kwaku Kwarteng said.

According to him, the focus of the bank should also be geared at assisting Small and Medium Businesses to expand their production levels to meet both local and foreign demand.

“Explicitly, the President is charging this Board and the Bank to specifically focus on the non-traditional export products such as poultry, cassava, cashew, oil palm and pharmaceuticals which have the potential to facilitate our export trade and enhance socio-economic development.  His Excellency therefore expects this Board to come out with prudent policies and programs that will ensure that the exporters are well resourced; be it financing exportable products and services so that the nation can reap an appreciable Foreign Exchange from the sector.”

The Deputy Minister is also optimistic the move should help government attain its targets under the top priority areas such as the one factory one district policy as well as the planting for food and jobs program.

“As you may be aware, the vision of President Nana Addo Dankwa Akufo- Addo is to make Ghana an export- led economy and thereby change the structure of the economy, hence, the President’s Flagship program dubbed: One District-One-Factory….This concept is geared towards providing social economic development at the local level; provide the needed jobs for the rural folks and also stem the rural- urban drift, amongst  others,” he noted.

Others members of the Board include; CEO of Eximbank, Mr. Lawrence Agyinsam; Mr. Ofosu A. Tetteh Kujorjie of the Ministry of Finance; Deputy Trade and Industry Minister – Robert Ahomka Lindsay.

The rest are; second Deputy Governor of the Bank of Ghana – Dr. Johnson P. Asiama; Mr. Akilu Sayibu of the Ghana Export and Promotion Authority; Nana Appiagyei Dankawoso I representing Private sector Industry associations.

The remaining members are Mr. Peter Kwame Abrebese (President’s Nominee) as well as Madam Catherine Quaidoo – President’s Nominee.

On behalf of the board, the Chairman, Mr. Genfi, an astute businessman, said they would as a matter of policy explore, maintain and deepen business relationships with other EXIM banks for mutual benefit.

“Mr. Minister, it is significant to inform you that my board will as a matter of policy explore, maintain and deepen business relationship with other Exim Banks including, Indian Exim Bank, Africa Export Import Bank, China Exim Bank to mentioned but a few. We promise to ensure strict corporate governance practices to be embedded in the Bank’s operations and will work closely with the management to deliver on its corporate programs and targets,” he added.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

The post Entrepreneur Boateng Gemfi leads Exim Bank appeared first on Citi 97.3 FM - Relevant Radio. Always.

The event, which was held at Kintampo in the Brong Ahafo Region saw 39- year old Ariku Martin Akudugu from the Upper East Region ,who was first runner up for this year’s best farmer, pick up a brand new tractor.

Mr Samuel Abiyaga from Builsa North who won National Lives Stock Farmer of the year also got a new tractor from Exim Bank Ghana.

EDAIF repealed as Exim Bank  has been a key donor in supporting farmers and the celebration of farmers’ day over the years.

In an interview with acting CEO of Exim Bank, Dr. Osei Baffour, said EDAIF started with a mandate of improving agriculture and agro processing hence the need to reward famers during the annual celebration.

Dr Baffour also noted that EDAIF, now Exim Bank Ghana will remain committed to its usual support to farmers.

The theme of this years farmers day: “Agriculture; A Business Response to  Economic Growth’’ is in line with the promise of the mandate of EXIM Bank.

This according to the Chief Executive means an even better and wider scope of support for farmers and other areas of their mandate on entrepreneurial initiatives, technical as well as advisory services for farmers which is aimed at changing perception on farming.

Dr. Baffour further noted the EXIM Bank will not compete with commercial banks but will fill gaps that are left by commercial banks, hence will not be taking deposits from customers.

This means, EXIM Bank can borrow from donors and other agencies that have interest in the businesses that they do.

Dr. Barfour thanked organizers of this year’s program.

–

By: citifmonline.com/Ghana

The post Farmers’ day celebration: Exim Bank donates two tractors appeared first on Citi 97.3 FM - Relevant Radio. Always.