Accra, Ghana – The Ghana Export-Import Bank (GEXIM) has declared that building stronger maritime infrastructure, technology, and financing systems is essential for Africa’s economic advancement. This investment will also help African nations compete better in global trade. Moses Klu Mensah, Deputy Chief Executive Officer for Banking at GEXIM, stressed this point.
Mr. Mensah believes the maritime sector is a vital route for industrial growth. It helps increase exports, attract investment, and create jobs. He stated this at the Maritime Trade Fair in Accra. The fair focused on "Shaping Africa's Maritime Future: Maritime, Technology and Finance." It gathered industry leaders, regulators, and technology experts.
Ghana and other African countries must see their maritime economy as a strategic tool. This sector links producers to markets. It supports both exports and imports. It also plays a role in industrial production. This, in turn, affects how much it costs to do business. Efficient ports are very important. So are good logistics systems. Affordable financing and up-to-date technology are also key. These will help build a strong export economy. They will also ensure Africa can compete well under the African Continental Free Trade Area (AfCFTA).
Finance is a major engine for maritime growth. Exporters need capital. So do logistics companies and freight forwarders. Warehousing firms, insurers, and technology providers all need money. They need it to grow their businesses and work better. GEXIM helps businesses get this finance. It also helps them prepare to export. This makes them more competitive. Mr. Mensah pointed out that Ghana's location is strategic. Its political stability is good. Its port infrastructure is improving. This positions Ghana to lead in Africa’s maritime future.
Gertrude Adwoa Ohene-Asienim, Executive Director of Whitestone Shipbrokers, noted the sector is changing fast. Technology, new trade patterns, and the need for sustainable supply chains drive this. Digital platforms, fintech solutions, and automation are reshaping the industry. They create new chances for African businesses. The Maritime Trade Fair provided a space for discussion and new ideas. Mrs. Ohene-Asienim also stressed the need to include more women and young people. The future of Africa’s maritime sector depends on skilled people. It requires leadership to drive change. She urged collaboration between government, industry, and academia. This partnership can unlock the sector’s full potential. It can position Africa for steady growth.