{"id":184803,"date":"2025-06-14T22:10:13","date_gmt":"2025-06-14T22:10:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/184803\/"},"modified":"2025-06-14T22:10:13","modified_gmt":"2025-06-14T22:10:13","slug":"afdb-gexim-bank-explore-joint-financing-to-boost-garment-sector-support-24-hour-economy-vision","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/184803\/","title":{"rendered":"AfDB, GEXIM Bank explore joint financing to boost garment sector, support 24-Hour Economy vision"},"content":{"rendered":"

\"Sylvester <\/a>Sylvester Mensah (head of the table) with the AfDB team during their engagements<\/p>\n

The Ghana Export-Import (EXIM) Bank has announced plans to deepen its cooperation with the African Development Bank (AfDB) following a high-level working visit by Dr Solomon Quaynor, AfDB\u2019s Vice President for Private Sector, Infrastructure, and Industrialisation.<\/p>\n

The visit, which took place on Friday June 13, 2025, brought together senior executives from both institutions to explore areas of collaboration aimed at accelerating Ghana\u2019s industrial growth, with a special focus on the garment and apparel sector.<\/p>\n

In a Facebook post following the meeting, Chief Executive Officer of Ghana EXIM Bank, Sylvester Mensah, described the meeting as \u201chighly productive\u201d, revealing that discussions centred around joint project-specific financing initiatives and broader support for the government’s industrial transformation agenda.<\/p>\n

He specifically noted that the garment and apparel sub-sector holds significant potential for job creation and export-led growth.<\/p>\n

\u201cTogether with members of our executive team, we held productive discussions focused on deepening cooperation between our two institutions. A key highlight was the consideration of joint project-specific financing, particularly within the garment and apparel sub-sector, an area with strong potential for job creation and industrial growth,\u201d he wrote.<\/p>\n

\u201cWe\u2019re excited about the African Development Bank\u2019s strong interest in co-financing projects in this space, and we look forward to translating these discussions into real investments,\u201d Mensah added.<\/p>\n

The discussions also addressed strategic support for President John Mahama\u2019s 24-Hour Economy Policy, which aims to stimulate continuous economic activity by investing in infrastructure and expanding employment opportunities in key sectors.<\/p>\n

\u201cWe are also encouraged by the AfDB\u2019s firm commitment to supporting President John Mahama\u2019s 24-Hour Economy Policy, especially through targeted infrastructure investments in collaboration with the Ghana Infrastructure Investment Fund (GIIF),\u201d the GEXIM Bank CEO noted.<\/p>\n

Dr Quaynor\u2019s visit reflects the AfDB\u2019s growing emphasis on private sector development across Africa and aligns with the Bank\u2019s broader goal of accelerating industrialisation through strategic partnerships.<\/p>\n

The Ghana EXIM Bank further disclosed that follow-up engagements are already underway to develop concrete proposals and action plans stemming from the meeting. <\/p>\n

Both institutions have pledged to work closely in the coming months to deliver tangible outcomes that support Ghana\u2019s economic transformation.<\/p>\n

The AfDB has previously provided financing for energy, agriculture, and transport infrastructure in Ghana.<\/p>\n

<\/p>\n

This new phase of collaboration is expected to include technical assistance, policy support, and blended finance models tailored to promote private sector-led growth.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Sylvester Mensah (head of the table) with the AfDB team during their engagements The Ghana Export-Import (EXIM) Bank…\n","protected":false},"author":2,"featured_media":184804,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-184803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114684010424929936","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/184803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=184803"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/184803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/184804"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=184803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=184803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=184803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}