Sylvester Mensah (head of the table) with the AfDB team during their engagements
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’s Vice President for Private Sector, Infrastructure, and Industrialisation.
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’s industrial growth, with a special focus on the garment and apparel sector.
In a Facebook post following the meeting, Chief Executive Officer of Ghana EXIM Bank, Sylvester Mensah, described the meeting as “highly productive”, revealing that discussions centred around joint project-specific financing initiatives and broader support for the government’s industrial transformation agenda.
He specifically noted that the garment and apparel sub-sector holds significant potential for job creation and export-led growth.
“Together 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,” he wrote.
“We’re excited about the African Development Bank’s strong interest in co-financing projects in this space, and we look forward to translating these discussions into real investments,” Mensah added.
The discussions also addressed strategic support for President John Mahama’s 24-Hour Economy Policy, which aims to stimulate continuous economic activity by investing in infrastructure and expanding employment opportunities in key sectors.
“We are also encouraged by the AfDB’s firm commitment to supporting President John Mahama’s 24-Hour Economy Policy, especially through targeted infrastructure investments in collaboration with the Ghana Infrastructure Investment Fund (GIIF),” the GEXIM Bank CEO noted.
Dr Quaynor’s visit reflects the AfDB’s growing emphasis on private sector development across Africa and aligns with the Bank’s broader goal of accelerating industrialisation through strategic partnerships.
The Ghana EXIM Bank further disclosed that follow-up engagements are already underway to develop concrete proposals and action plans stemming from the meeting.
Both institutions have pledged to work closely in the coming months to deliver tangible outcomes that support Ghana’s economic transformation.
The AfDB has previously provided financing for energy, agriculture, and transport infrastructure in Ghana.
This new phase of collaboration is expected to include technical assistance, policy support, and blended finance models tailored to promote private sector-led growth.