The Ghana Union of Traders Association is expectant of the Ghana Exim Bank commitment to live by its mandate of providing cheap and ready access to credit to facilitate trade in and outside the country.

According to them, the bank should reduce, if not completely erode, the challenges associated with the financing of exports.

President Nana Addo Dankwa Akufo-Addo has since appointed Mr Lawrence Agyinsam as the Chief Executive Officer (CEO) of the Ghana Export Import (Exim) Bank.

Commenting on the key expectations of the bank, an Executive Member of GUTA, Benjamin Yeboah, said he was hopeful the bank would address the current challenges facing the financial sector.

"We as a union will be looking forward to this Exim Bank really working to the advantage of the business community. So, definitely, up to now we can say that we’ve been hoping and then praying for it but we’ve not really seen the impact that it will have on the business community. So now that they have a new CEO, we are hoping that all modalities have been put in place for the bank to start its work to give us the assurance that we’ve been given all this while so that we can get it’s real benefit," Mr Yeboah told Class Business in an interview.