Chief Executive Officer of Ghana International Bank PLC (GHIB), Ian Greenstreet, has described the newly signed Memorandum of Understanding (MoU) between Ghana International Bank a
The report indicates that chief Executive Officer of Ghana International Bank PLC (GHIB), Ian Greenstreet, has described the newly signed Memorandum of Understanding (MoU) between Ghana International Bank and the Ghana Export-Import Bank (GEXIM) as the beginning of a strategic partnership that will strengthen Ghana’s export sector, expand international business opportunities and accelerate economic growth.
It further notes that speaking during the signing ceremony in Accra on Wednesday, Mr Greenstreet stated the collaboration would provide Ghanaian businesses with the financial and institutional support needed to compete more effectively in international markets, while helping position Ghana as one of Africa’s leading export economies.
The agreement brings together Ghana’s national export-import development bank and the United Kingdom-based international bank to improve access to trade finance, correspondent banking, syndicated lending, market intelligence and export development support for Ghanaian businesses.
Mr Greenstreet described the signing of the Memorandum of Understanding as the foundation of a long-term relationship between the two institutions, expressing confidence that the partnership would deliver tangible benefits for Ghana’s economy.
“This memorandum of understanding is the beginning of a strategic relationship between Ghana EXIM Bank and Ghana International Bank,” he told journalists.
He stated both institutions share a common vision of strengthening Ghana’s export capacity by combining their expertise, international networks and financial capabilities.
“Together, we will build a relationship which will support Ghanaian businesses and make Ghana one of the leading export countries in Africa.”
According to him, the partnership represents more than a conventional banking arrangement, serving instead as a platform to unlock new opportunities for businesses seeking to expand beyond Ghana’s borders.
Mr Greenstreet emphasised that no single institution could independently address the financing and market access challenges confronting exporters, making collaboration essential to achieving sustainable economic growth.
“We can’t do this alone. Therefore, this joint partnership is a pathway for Ghanaian businesses to exploit opportunities and be very successful on the international stage.”
He noted that by combining the strengths of GEXIM and Ghana International Bank, exporters would benefit from improved access to international banking services, trade finance solutions and cross-border business opportunities.
The partnership is expected to support exporters through correspondent banking services, working capital financing, letters of credit, guarantees.
The Ghana International Bank CEO stated expanding exports remains critical to Ghana’s long-term economic transformation and expressed treasury and foreign exchange services, syndicated lending, commodity finance and export-readiness programmes.
The Ghana International Bank CEO stated expanding exports remains critical to Ghana’s long-term economic transformation and expressed optimism that the collaboration would significantly increase the country’s foreign exchange earnings.
