The Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has revealed that government has recovered GH¢107 million in loan repayments, while some disbursements by the Ghana EXIM Bank have been referred to security agencies over concerns about how they were issued.
Speaking at the Government Accountability Series on Wednesday, January 21, the Minister explained that the referrals form part of measures to strengthen oversight, enhance credit quality, and recover defaulted loans.
According to her, Ghana EXIM Bank disbursed a total of GH¢304 million in 2025 under a strict credit creation policy aimed at ensuring that loans contribute to economic growth and are repaid.
She noted that the Bank intensified recovery efforts, retrieving GH¢107 million from previously unserviced loans.
The Minister further disclosed that some loan disbursements remain unexplained, prompting referrals to security agencies for investigation.
“In 2025, the Ghana EXIM Bank disbursed a total of 304 million in line with 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,” she said.
Madam Ofosu-Adjare added that recovery efforts on legacy loans are ongoing, with legal proceedings initiated in several cases and others referred to the appropriate 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 stated.
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