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Minister of Finance Hon Seth Tekper on Wednesday launched the Ghana Export and Import Bank (EXIM BANK) on behalf of his Excellency President John Dramani Mahama.

The  EXIM Bank is to provide the business community with requisite trade and investment credit or loans for the export market.

In a speech read on behalf of the President Mr Seth Tekpeh said the launching of the EXIM Bank is one of the initiatives of government to support the private sector as well as State Owned Enterprises to help transform the economy through export trade.

According to the Minister the EXIM Bank will also promote the acceleration of the country's drive to achieve  a more diversified economy.

Mr Seth Tekper said the EXIM Bank is indispensable to the transformation agenda of government in the coming years and constitutes a bold effort to promote non traditional export.

Mr Tekper said one of the main challenges that faced President Mahama's government is the power crisis which affected households and businesses.

He said the resolution of the power crisis through the Emergency Power Resolution Programme has improved the supply of power significantly in the country.