Absa Bank Ghana has taken advantage of the ‘The Absa Export Advantage Forum’ it hosted to promote trade within Africa.
This ground-breaking initiative, held under the theme “Promoting Ghana’s Intra-Africa Export & Unlocking New Export Potential,” has brought together exporters, policymakers, and industry leaders to delve into the opportunities ushered in by the African Continental Free Trade Area (AfCFTA).
Held in Accra, Ghana, and spearheaded by Adolph Kpegah, the Interim Managing Director of Absa Bank, the event was inaugurated with a resounding call to action.
Mr. Kpegah articulated the bank’s vision of fostering an environment where businesses can thrive within a unified African market. “The forum showcases Absa’s commitment to empower Africa’s progress, together with our partners and everyone present here,” he remarked, stressing the collaborative efforts aimed at translating the promises of AfCFTA into tangible benefits for businesses continent-wide.
Central to Absa Bank’s strategy is the cultivation of robust business relationships. Mr. Kpegah highlighted the bank’s proficiency in nurturing mutually beneficial partnerships that prioritize the interests of clients and stakeholders alike. This emphasis on collaboration underlines Absa Bank’s role as a catalyst for driving intra-African trade and facilitating cross-border commerce.
The Bank’s Role In Fostering Business Relationships
Mr. Kpegah further emphasized the bank’s role in fostering business relationships saying “We have mastered the creation of mutually beneficial relationships that prioritize our clients’ and stakeholders’ interests”.
“This positions us to help your businesses explore the opportunities that intra-African trade presents. As a member of the Absa Group, and with over 100 years of presence on the continent, we are ideally placed to expose your business to our regional footprints, deep continental knowledge, and industry specialist expertise.
“Absa offers diversified pre- and post-shipment trade and working capital advisory and financing solutions, along with risk management solutions for hedging your interest rate risk and foreign exchange exposure across the continent.”
Mr. Kpegah
Emmanuel Mensah, Head of Trade and Working Capital at Absa Bank Ghana, reiterated the bank’s commitment to ensuring value creation for Ghanaian businesses, particularly SMEs, to open them up to new markets for sustainable growth.
According to him, this aligns with Absa Bank’s vision of empowering Africa’s tomorrow together, one story at a time.“This is the opportune time to work with businesses both locally and on the African continent, empower them to grow their businesses while adding value to their products,” he added.
Mr Emmanuel Mensah appealed to Ghanaian businesses to partner with Absa Bank to drive growth and benefit from the opportunities that AfCFTA presents for intra-continental trade.
The forum was enriched with contributions from key stakeholders, including the Ministry of Trade and Industry, Ghana Revenue Authority, and the AfCFTA office, providing participants with the essential tools and knowledge to succeed in the expansive market.
The Absa Export Advantage Forum serves as a platform for dialogue and exchange, where stakeholders can explore innovative solutions and best practices for navigating the evolving landscape of intra-African trade.
By facilitating knowledge-sharing and fostering strategic alliances, Absa Bank is paving the way for businesses to capitalize on the vast opportunities presented by AfCFTA.
Moreover, Absa Bank’s commitment extends beyond rhetoric, as evidenced by its strategic partnerships with key stakeholders, including the National AfCFTA Coordination Office. These partnerships underscore Absa Bank’s proactive approach to driving tangible outcomes and creating an enabling environment for businesses to thrive.
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