Government has announced plans for the Ghana Export-Import Bank (EXIM Bank) to raise up to US$200 million from the capital market to complete stalled projects, safeguard taxpayer-funded investments, and strengthen industrial financing, the Minister for Trade, Agribusiness and Industry, Mrs Elizabeth Ofosu-Agyare, has disclosed.
Speaking at the Government Accountability Series held at the Presidency on Wednesday, January 21, the Minister explained that the move was aimed at resolving funding gaps that have left some projects only partially executed.
“What happens is that sometimes the EXIMBank will agree to give you X amount of money for an investment. They will disburse half and leave the other half. It does not yield any dividends for the investor, but the investor will be called upon to pay interest,” she said.
According to her, the proposed capital raise will allow the bank to settle outstanding commitments to investors, ensure projects are fully completed, and protect public funds already committed. “We have decided to raise money to pay off the amount we agreed with the investors previously, so that they can have the full benefit of the investment and then we’ll be able to protect the investment that has been made with the taxpayers’ money,” she added.
Mrs Ofosu-Agyare stressed that the initiative was non-partisan and driven purely by economic considerations. “This is not political. We want to make sure that the Ghana economy does well. It doesn’t matter which political affiliation you are in,” she stated.
The Minister highlighted that the financing strategy aligns with government’s broader industrialisation agenda, including the revival of strategic state-owned enterprises (SOEs) and support for job-creating industries. She cited ongoing assessments of entities such as the Akosombo Industrial Company (ATL), Japan Textile (Walter Star Company), and agro-processing facilities in the Western Region, aimed at making them commercially viable.
On the Komenda Sugar Factory, which she described as a top priority for 2026, the Minister revealed that an interim management committee had been established to conduct a technical assessment of the factory’s assets. “The committee has submitted their first report. Their next and final report is due on Monday,” she said, adding that the Attorney-General has been formally engaged to guide the selection of a transaction advisor for the factory’s revival.
Mrs Ofosu-Agyare said the combined interventions — improved financing, policy reforms, and operational restructuring — were intended to accelerate industrial growth, protect public investments, and restore confidence in Ghana’s industrial financing ecosystem.
