{"id":41054,"date":"2023-04-27T08:42:12","date_gmt":"2023-04-27T08:42:12","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export"},"modified":"2023-04-27T08:58:50","modified_gmt":"2023-04-27T08:58:50","slug":"exim-bank-artisans-discuss-streamlining-activities-to-boost-export","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export","title":{"rendered":"Exim Bank, artisans discuss streamlining activities to boost export"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Ghana Export-Import Bank (GEXIM) has held a day forum with industry players to streamline activities of handicraft producers to increase export and the sector\u2019s contribution to national income.<\/b><\/p>\n

The forum, held in Accra on Tuesday, brought together exporters and local producers of handicrafts, including woodworks (furniture, sculpture, and drums), ceramics, garments and textiles, to bring out the challenges in the sector.<\/p>\n

It also afforded participants the opportunity to discuss ways of addressing the challenges such as funding, regulatory framework and increased access to emerging markets.<\/p>\n

The Bank also introduced to handicraft producers and exporters, financing options that could support the sustenance and growth of their businesses while contributing to national income and development.<\/p>\n

Currently, the sector contributes 1.35 per cent to non-traditional export earnings in Ghana, valued at $45.2 million as of 2021, while globally, it is estimated that the potential of the handicraft sector is $752 billion.<\/p>\n

Speaking at forum, Mr Lawrence Agyinsam, Chief Executive Officer (CEO), Exim Bank, said: \u201cWe\u2019re poised to help the handicraft subsector to increase its contribution to non-traditional exports in Ghana from less than two per cent to 10 per cent in 2029.\u201d<\/p>\n

This would be done through support by the Bank\u2019s Export Trade and Guarantee Departments by giving them the needed finance, capacity building, and international business exposure to streamline their operations.<\/p>\n

\u201cThe Ghana Export-Import Bank will continue to provide financial support to SMEs in the handicraft subsector to purchase raw materials and modern equipment to produce products that will meet international standards,\u201d he said.<\/p>\n

The Bank, he said, had supported the sector with GHS307 million since 2017 in addition to GHS46 million in guarantees to businesses relating to wood products, bamboo processing, leather products, textile and garments and creative arts.<\/p>\n

Mr Michael Okyere Baafi, Deputy Minister, Trade and Industry, lauded the Bank for the initiative to help address the challenges of the handicraft sector and increase export.<\/p>\n

He encouraged the Bank not to relent on efforts to support the sector and urged artisans to position themselves well to take advantage of the opportunities offered by the African Continental Free Trade Area (AfCFTA).<\/p>\n

The Minister urged them to streamline their operations by ensuring that they formalise their business and have good book keeping and the right administrative structures to be able to have access to money from financial institutions.<\/p>\n

In an interview, Madam Fulera Seidu, Acting President, National Association of Handicrafts Exporters, described the meeting as \u201cfruitful and inspiring.\u201d<\/p>\n

\u201cFunds have become difficult to access, so, for the Exim Bank to have such an engaging forum, it\u2019s brought a lot of hope to the handicraft people, because there are a number of incentives for us. It\u2019s not just about the money, it\u2019s also about capacity building, which we lack, \u201cshe said.<\/p>\n

\u201cWe\u2019re looking forward to every intervention that Exim Bank will offer us and we\u2019re ready to learn and improve our works to meet international standards and contribute to national income,\u201d Madam Seidu said.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Ghana Export-Import Bank (GEXIM) has held a day forum with industry players to streamline activities of handicraft producers to increase export and the sector\u2019s contribution to national income. The forum, held in Accra on Tuesday, brought together exporters and local producers of handicrafts, including woodworks (furniture, sculpture, and drums), ceramics, garments […]<\/p>\n","protected":false},"author":84,"featured_media":41053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-41054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nExim Bank, artisans discuss streamlining activities to boost export - Ghana<\/title>\n<meta name=\"description\" content=\"The Ghana Export-Import Bank (GEXIM) has held a day forum with industry players to streamline activities of handicraf ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exim Bank, artisans discuss streamlining activities to boost export\" \/>\n<meta property=\"og:description\" content=\"The Ghana Export-Import Bank (GEXIM) has held a day forum with industry players to streamline activities of handicraf ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T08:42:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T08:58:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/04\/postQueueImg_1682568005.95.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Exim Bank, artisans discuss streamlining activities to boost export\",\"datePublished\":\"2023-04-27T08:42:12+00:00\",\"dateModified\":\"2023-04-27T08:58:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export\"},\"wordCount\":514,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/04\/postQueueImg_1682568005.95.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/exim-bank-artisans-discuss-streamlining-activities-to-boost-export\",\"name\":\"Exim Bank, artisans discuss streamlining activities to boost export - 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