In a significant step toward strengthening Ghana’s international trade partnerships, the Ghana Export-Import Bank (GEXIM) has signed a Memorandum of Understanding (MoU) with the Saudi Export-Import Bank.

The agreement was formalised on the sidelines of the 2025 African Development Bank (AfDB) Annual Meetings in Abidjan, Côte d’Ivoire.

The MoU was signed by the Chief Executive Officer of GEXIM, Slyvester Mensah who represented Ghana, and His Excellency Saad Alkhalb, CEO of the Saudi EXIM Bank.

The strategic partnership aims to deepen cooperation between the two institutions in key areas such as export promotion, knowledge exchange, capacity building, project financing, credit facilities for importing Saudi equipment, and the provision of transactional guarantees.

Speaking at the ceremony, the CEO of GEXIM emphasised that the collaboration aligns with Ghana’s broader ambition to transform its economy through export development.

“Our strategic focus over the next four years will prioritise increased food production, strengthened agro-processing, and targeted investments in job creation—especially within the agriculture and garment sectors,” he said.

The initiative is also in line with President John Mahama’s vision of building a resilient, export-led economy that generates sustainable employment opportunities for Ghanaians.

The MoU signals a new era of economic cooperation between Ghana and Saudi Arabia, opening fresh avenues for business partnerships and trade growth between the two nations.

GEXIM and Saudi EXIM have both expressed optimism that this agreement will serve as a foundation for long-term collaboration, benefitting exporters, investors, and industry players across sectors