The second panel discussion of the GEXIM@10 International Conference explored “The Changing Dynamics of Development Finance Institutions (DFIs) in Africa’s Economic Development”, with experts highlighting how DFIs can be leveraged to strengthen Ghana’s trade, particularly in the export and import sectors.
Ahead of the discussion, Robert Akati Adamu, Board Member of GEXIM, read a statement on behalf of Dr Joseph Nyarkotei Dorh, Board Chairman of GEXIM. The speech urged panellists to share their expertise to help the bank enhance its mandate and harness DFIs to boost industrial growth and trade.
Panellists included Frank Adu Jr, Board Chairman of NIB; Kyle Helhofer, IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo; Cyril Amaechi Okoye, Secretary-General of AADFI; and Prof. Ferdinand Ahiakpor, Deputy Managing Director of ADB. The session was moderated by Alfred Ocansey.
Frank Adu Jr emphasised the importance of aligning DFI strategies with national industrial priorities to drive sustainable economic growth. He called for a political will in creating opportunities in the sector. Kyle Helhofer highlighted the role of international partnerships and technical assistance in enhancing export capacity.
Cyril Amaechi Okoye stressed the need for DFIs to adapt to changing market dynamics across Africa. Prof. Ferdinand Ahiakpor underscored innovative financing mechanisms to expand trade and support SMEs. He also suggested several strategies to facilitate trade among neighbouring countries and institutions, including improved payment systems, common policies, and measures to enhance seamless collaboration.
The discussion provided practical insights for leveraging DFIs to strengthen Ghana’s trade competitiveness, forming part of a series of high-level sessions during the bank’s decade-long celebration.
Read also: Ghana Exim Bank marks a decade with International Conference on trade and industrial transformation
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Source: www.myjoyonline.com