JoyNews · 1h ago

Ghana EXIM Bank faces Public Accounts Committe over loan recovery as 20/24 firms secure collateral

Ghana EXIM Bank appears before Parliament’s Public Accounts Committee (PAC) to address concerns over loan recovery, collateral and credit management. During the hearing, the bank disclosed that it had secured collateral from 20 out of 24 firms and strengthened its recovery arrangements. Management also highlighted a review of its credit policy as part of efforts to improve lending practices and recover outstanding loans. The committee’s scrutiny puts the spotlight on how Ghana EXIM Bank manages credit risks, protects public funds, and ensures that loans extended to businesses are properly secured and recovered.