The Ghana Export-Import Bank (GEXIM) was established by the Ghana Export-Import Bank Act 2016 (Act 911) to support the Government(Exim Bank) of Ghana’s quest for a feasible and sustainable export led economy.
The bank’s vision it to become a strong financial institution that will be a key engine in the development of Ghana’s export trade, facilitate cross border trade and make Ghana a pillar in regional and continental trade
The mission of the bank is to facilitate the transformation of Ghana’s economy into an export one by supporting and developing trade between Ghana and other countries, overseas investments by Ghanaian companies, and eliminate critical market failures in the Ghanaian economy thereby making Ghana competitive in the global marketplace.
Over some time now, the Bank (Exim Bank) the Bank was alleged to have paid 2million Ghanaians cedis to Shatta Wale as brand ambassador, whiles
PAC questions payment of ¢2 million to Shatta Wale, others as brand ambassadors for Exim Bank.
Members of Parliament’s Public Accounts Committee (PAC) have questioned the basis for which state-owned Exim Bank allegedly paid about ¢2 million to dancehall artiste, Charles Nii Armah Mensah Jr. aka Shatta Wale and others as brand ambassadors.
Ras Mubarak, a member of the Committee said it makes no economic sense for the company to pay such an amount to an artiste to promote made in Ghana goods.
“I mentioned ¢2 million that went to Shatta Wale but the Deputy CEO says they wouldn’t know who the vendor selected and this is not to say that we have a problem with Shatta Wale getting some amount of money to do whatever work.
“But the Ghanaian public deserves to know how much went out and who got it because their answers were not satisfying.”
Mr. Mubarak’s concerns follow media reports suggesting that the bank paid some huge sums of monies to Shatta Wale and actor and comedian, Kofi Adu, popularly known as “Agya Koo” to be its brand ambassadors.
But responding to the matter at PAC sitting Wednesday, the Deputy Chief Executive Officer with oversight of the Finance and Administration Division, Kwame Adu-Darkwa said the bank only engaged the services of a media consultant to support them in promoting their product since it was necessary.
He, however, insisted that he has not signed or sighted any cheque doling GH¢2 million to any artiste.
According to the informations gathered by Infoghmedia Exim Bank has denied paying Shatta Wale GHC 2million as brand ambassador.