The government has recovered GH¢107 million in loan repayments, according to Elizabeth Ofosu-Adjare, Minister of Trade, Agribusiness, and Industry. However, some Ghana EXIM Bank loan disbursements have been submitted to security agencies due to issues with their issuance.
The minister stated that the referrals are a component of initiatives to enhance credit quality, bolster monitoring, and recover defaulted loans during a speech at the Government Accountability Series on Wednesday, January 21.
She claims that under a strict credit creation strategy intended to guarantee that loans stimulate economic growth and are repaid, Ghana EXIM Bank disbursed a total of GH¢304 million in 2025.
According to her, the bank also increased its collection operations, recovering GH¢107 million from unpaid debts.
The minister disclosed that some loan disbursements are still unaccounted for, leading to referrals to security authorities for more research.
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“In 2025, the Ghana EXIM Bank disbursed a total of 304 million in line with a stringent credit creation policy to strengthen credit quality and my emphasis stringent credit creation policy. This is not money for the boys or money for the girls”.
“You must satisfy the requirement; you must show that the credit you are taking is going to inure to the benefit of the economy. You must show the ability to repay the loan because this is not free money. They also went to work in respect of repayment and received 107 million from loans that had been given and that were not paid”.
“Recovery efforts on legacy loans are ongoing. They have initiated legal proceedings on several of the cases, while others have been referred to appropriate security agencies for further action.”
“There are loans that we do not know how they were disbursed; we have referred them to the appropriate quarters for the same to be dealt with expeditiously,” she said.
Source: citinewsroom
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