Exim Bank to revive stalled projects with $200m capital boost - Trade minister

Ghana is taking decisive steps to rescue stalled industrial projects and protect public funds, with the Ghana Export-Import Bank (Exim Bank) planning a capital market raise of up to US$200 million to complete partially executed investments across the country.

Speaking at the Government Accountability Series on Wednesday, January 21, 2026, Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, explained that the move targets funding gaps that have left several projects unproductive despite significant taxpayer investment.

“What happens sometimes is that the Exim Bank agrees to give an investor a certain amount of money, disburses half of it and leaves the rest. The investment does not yield dividends, yet the investor is still called upon to pay dividends,” she said, highlighting challenges in prior project financing.

The minister added that the proposed capital raise would allow Ex-Im Bank to settle outstanding commitments, unlock stalled production, and safeguard investments already made with public funds.

“We have decided to raise money to pay off what we agreed with investors previously so they can enjoy the full benefit of their investments and we can protect the taxpayers’ money already committed,” she stated.

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Ofosu-Adjare stressed that the initiative is strictly focused on economic recovery and industrial performance, rather than political considerations.

“This is not political. We want the Ghanaian economy to do well. It doesn’t matter your political affiliation. If you are using Exim funds for a good cause, we will support you,” she said.

The minister cited the Pwalugu Watermelon Factory as a clear example of a project benefiting from renewed government efforts to ensure investments reach full operational capacity.

The intervention, according to government, is expected to reduce losses from stalled projects, boost productivity, and restore investor confidence in state-backed industrial financing.