High level Israeli delegation holds bilateral talks

A high level Israeli delegation is in the country to continue discussions with the Ministry of Finance and Economic Planning, on bilateral agreements and facilitation of investments to shore-up export earnings.

The three-member delegation is led by David Klein, Deputy Chief Executive Officer of Israeli State-owned insurer ASHRA, and will be holding discussions at the Ministry of Finance and Economic Planning as well as meeting with officials of the World Bank and IMF; Minister of Finance Seth Terkper; and Chief Executive Officer of the Ghana Investment Promotion Centre, Mawuena Trebah.

Other members of the delegation are Chief Underwriter for ASHRA, Adi Gross; and Head of the Economic Department at the Israeli Ministry of Foreign Affairs, Jonathan Peled.

In 2011, ASHRA extended its operations to Ghana by providing insurance cover for credits to Israeli companies investing in Ghana, in an effort to shore-up the country’s earnings from exports. Ghana currently enjoys over 20% of ASHRA’s initial insurance exposure as a result of the increasing demand for export investment in the country by Israeli businesses.

The ASHRA encourages exports from Israel, minimises political and commercial risks, raises export financing for the mid- and long-terms, and finances Israeli investments abroad. It operates mainly in developing countries characterised by a high level of commercial and political risks, concerns that agreements will not be honored, and suffering from claims and difficulties in the transfer of funds.