by: Andrea Spinelli Barrile | May 23, 2024
Ecowas Bank for Investment and Development (Ebid) has strengthened its transformative relationship with the Republic of Ghana by committing to inject $200 million into the African nation’s economic system via a strategic partnership with Ghana Export-Import Bank (Gexim) and GCB Bank.
It is the second Memorandum of Cooperation signed by George Agyekum Donkor, president of Ebid, and Mohammed Amin Adam, Minister of Finance of Ghana. The signing ceremony was attended by key stakeholders, together with Lawrence Agyinsam, CEO of Gexim, and Samuel Aidoo, Executive Director, Wholesale and Investment Banking at GCB financial institution. According to a press release issued by Ebid, this settlement contains Ebid’s continued dedication to selling financial progress and strengthening sustainability in member nations of ECOWAS, the Economic Community of West African States.
This injection of 200 million rands is aimed toward encouraging the expansion of small and medium enterprises in key sectors of the economic system, with a purpose to promote job creation, innovation and sustainable growth. This injection will deliver Ebid’s complete commitments in Ghana to $600 million.
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