GEXIM’s innovative approach to SME development impresses Tanzanian delegation

A team of economic and finance experts from Tanzania, currently visiting Ghana, has called on African leaders to emulate the successful Small and Medium-sized Enterprises (SME) fair initiative by the
Ghana Export-Import Bank (GEXIM), known as the “GEXIM Tuesday Market.” The delegation, which includes representatives
from the Ministry of Finance and the Bank of Tanzania, is in the country for a
study tour focusing on consumer protection in the financial sector, SMEs, and
microfinance.During their visit, the Tanzanian team attended a
special edition of the GEXIM Tuesday Market, dubbed “Tuesday Market Mid-Year
Mart,” held last Tuesday , 2024, at the forecourt of GEXIM’s head office in
Accra. The delegation interacted with GEXIM’s Deputy Chief Executive Officer
for Banking, Ms. Rosemary Beryl Archer, and various vendors at the fair.Ms. Dionisia Mjema, Assistant Commissioner of the
Financial Sector Development Department at Tanzania’s Ministry of Finance and
leader of the delegation, emphasized the importance of self-reliance and
praised GEXIM for its innovative approach. She highlighted the significant role
SMEs play in industrialization and suggested that similar initiatives could be
beneficial across Africa.Ms. Rosemary Beryl Archer expressed gratitude for
the Tanzanian team’s participation and insights. She reiterated GEXIM’s
dedication to supporting the Ghanaian government in transforming the national
economy into an export-led one. Archer emphasized the bank’s commitment to
promoting Ghanaian products and creating international market opportunities.

The GEXIM Tuesday Market, established in 2019,
provides a platform for showcasing Made-In-Ghana products, offering a variety
of locally manufactured goods at competitive prices. The initiative has
received several accolades, including the AU SME award for “The Best
Market Initiative” in Africa and the CIMG President’s Special Award.The Tanzanian delegation included economists Ms.
Zawadi Ngonde and Ms. Neema Mtei, and Ms. Catherine Manase from the Bank of
Tanzania. Their visit underscores the potential for collaborative efforts to
bolster SME development and economic growth across the continent.