Elizabeth Ofosu-Adjare
The Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has revealed that government has recovered GH¢107 million in loan repayments, while some Ghana EXIM Bank loan disbursements have been referred to security agencies over concerns about how the funds were granted.
Speaking at the Government Accountability Series, the Minister said the referrals form part of broader efforts to strengthen oversight, improve credit quality, and recover defaulted loans.
She disclosed that Ghana EXIM Bank disbursed a total of GH¢304 million in 2025 under a stringent credit creation policy aimed at ensuring that loans support economic growth and are fully repaid.
“In 2025, the Ghana EXIM Bank disbursed a total of GH¢304 million in line with a stringent credit creation policy designed to strengthen credit quality,” she said.
The Minister stressed that the funds are not meant for personal or partisan use.
“This is not money for the boys or money for the girls,” she emphasised.
She further noted that the Bank has intensified recovery efforts, retrieving GH¢107 million from loans that had previously not been serviced.
“They went to work on loan recoveries and received GH¢107 million from facilities that had been disbursed but not repaid,” she added.
Madam Ofosu-Adjare also revealed that certain loan disbursements remain unexplained, prompting their referral to security agencies for further investigation.
“There are loans that we do not know how they were disbursed, and these have been referred to the appropriate quarters to be dealt with expeditiously,” she said.
She outlined strict requirements applicants must meet, stressing that borrowers must demonstrate how the credit will benefit the economy and their capacity to repay.
“You must satisfy the requirements. You must show that the credit you are taking will inure to the benefit of the economy, and you must demonstrate the ability to repay the loan, because this is not free money,” she stated.
The Minister added that recovery efforts on legacy loans are ongoing, with legal action initiated in several cases, while others have been referred to relevant security agencies for further action.
By Florence Asamoah Adom