Central region

GEXIM promises value-added support for Central Region resources

Bright Evans Darko, Business Development and Project Manager of GEXIM

The Ghana Export-Import Bank (GEXIM) is committed to supporting non-traditional resources in the central region to ensure that they become exportable in order to increase the country’s foreign exchange reserves.

According to GEXIM’s business development and project manager, Bright Evans Darko, if the Central region had the means to develop its unconventional raw materials to make them exportable, it would broaden its economic and investment horizons.

GEXIM, he continued, has recognized the huge potential of the region in terms of non-traditional raw materials and is ready to put in place measures to support it by creating the conditions for value addition.

He was speaking at a business forum with Metropolitan, Municipal and District Chief Executives from across the region as part of the Central Regional Trade and Investment Fair in Cape Coast.

“It is the primary responsibility of the bank to play a leading role in insuring all key development stakeholders, especially in the central region. This is why we are open to partnerships leading to the transformation and development of the region’s non-traditional business economy,” he said.

Collaboration

Mr. Darko pointed out that due to a lack of raw materials, factories and other businesses in the region were not producing at their maximum capacity.

He called for a speedy resolution of the matter and the active participation of all parties concerned.

He noted, for example, that the Ekumfi juice factory, which sold to customers outside the country, was underproducing because it lacked pineapples for production. He therefore urged traditional leaders, especially those in the region, to support people who were willing to become outgrowers by providing an enabling environment.

“The famous Ekumfi factory produces only eight to ten days a month due to insufficient raw material. We therefore call on all authorities to work with factories to meet this raw material challenge. Meeting these challenges will create more jobs. It will also mean profits for these businesses, economic empowerment of the people, thereby reducing poverty in the region,” he said.

He said the bank had launched an initiative for commodity development projects as part of its efforts to address the issues.

“Under this initiative, farmers will be supported through an outgrower scheme to grow the above crops and find buyers who will buy whatever they produce. A technical consultant will be hired to assist on good agronomic practices,” he explained.

Support

Central Regional Minister Justina Marigold Assan said the Regional Coordinating Council will intensify its efforts to improve the enabling environment to increase the region’s socio-economic gains.

She requested the full cooperation and active engagement of the Exim Bank, due to its special position as the main government agency that directs export and import activities, to help the central region achieve its goal. to become a commercial and investment center.