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Home Economy

Absa Bank Ghana pledges stronger collaboration with exporters to boost national economic growth

Kelvin KorokobyKelvin Koroko
November 14, 2025
in Economy
Reading Time: 2 mins read
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Absa Bank Ghana pledges stronger collaboration with exporters to boost national economic growth

Absa Bank Ghana Limited has reaffirmed its commitment to deepening partnerships with exporters and trade institutions as part of efforts to strengthen the country’s economic growth through the export sector.

Mr. Prosper Kuyipwah, Director of Transactional Banking at Absa Bank Ghana, gave the assurance during a stakeholder session involving exporters, industry associations, trade experts and financial institutions. The engagement focused on emerging opportunities and challenges within Ghana’s export ecosystem.

He emphasised that the bank remains dedicated to working closely with exporters to design practical, risk-mitigating solutions that enhance growth and unlock the sector’s full potential.

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The Accra forum explored critical themes including access to tailored financing, price volatility, currency exposure, and growth prospects within high-potential export segments.

Organised in partnership with the Ghana Export Promotion Authority (GEPA) and the Federation of Associations of Ghanaian Exporters (FAGE), the event provided a platform for stakeholders to identify priority constraints and propose banking interventions to stimulate export expansion.

Mr. Davis Korboe, President of FAGE, highlighted the barriers confronting exporters and called for financing models that reflect Ghana’s unique operational realities. He advocated approaches that combine capital, innovation, capacity development, and inclusive opportunities for youth and women in trade.

Discussions covered issues such as export value chains, market access, trade financing, pricing challenges, supply chain disruptions, and foreign exchange volatility. The Integrated Customs Management System (ICUMS) team also provided clarity on the “Letters of Commitment” compliance requirement for exporters.

Mr. Emmanuel Mensah, Head of Trade and Working Capital at Absa Bank Ghana, stressed the importance of strong collaboration in responding effectively to exporters’ needs. He noted that a deeper understanding of the export value chain would improve risk management, enhance competitiveness and support broader national growth.

Insights from the engagement will help strengthen Absa’s Export Advantage programme, which delivers financing, tools and market intelligence to help Ghanaian exporters compete more effectively in global markets.

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