Exim’s issued guarantees hit GH¢300m in 20 years

Between 1994 and December 2013, the Eximguaranty Company (Ghana) Ltd offered a total of GH¢300.7 million guarantees to banks and other credit-creating institutions to enable them to lend onwards to small and medium-scale enterprises (SMEs).

Advance mobilisation payments received the highest guarantees of 43 per cent, followed by seeds funds guarantees of 23 per cent; bid securities came to nine per cent; credit syndication guarantees amounted to seven per cent, with performance bonds/retention accounting for five per cent within the 20-year period.

Indeed, Exim Guarantee’s crucial role in a frontier economy such as Ghana’s cannot be over-emphasised and this explains why Exim has a lot to celebrate as a leading credit guarantee institution lending indirect support to SMEs these past 20 years.

As part of activities marking the anniversary celebration, Exim organised a health walk at the El-Wak stadium, as healthy organisations require healthy workers.

Management and staff of the company, led by its Chief Executive, Mr Zac Bentum, as well as board members, participated in the health event. GB