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Absa Bank hosts engagement on trade financing and export growth

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Absa Bank hosts engagement on trade financing and export growth

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Absa Bank hosts engagement on trade financing and export growth

Absa Bank hosts engagement on trade financing and export growth

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Absa Bank Ghana LTD has hosted a dialogue session, bringing together exporters, industry associations, trade experts, and financial institutions to discuss opportunities and emerging issues within Ghana’s export sector.

Held in Accra, the forum examined key themes such as access to tailored finance, managing price volatility and currency exposure, and identifying opportunities in high-growth export sectors.

In his opening address, Prosper Kuyipwah, Director of Transactional Banking at Absa Bank Ghana, reiterated the bank’s commitment to collaborating with exporters and trade institutions to support sector growth.

“Absa is dedicated to working alongside exporters and stakeholders to develop practical solutions that drive growth, mitigate risks, and unlock the full potential of our export industry,” he said.

Mr Davis Korboe, President of FAGE, outlined the barriers exporters face and stressed the need for financing approaches that address the realities of Ghana’s export landscape.
“It is time to reimagine export financing models that truly reflect Ghana’s realities, approaches that combine capital with capacity building, innovation, and inclusive growth for youth and women in trade.”

Participants discussed issues across the export value chain, including trade financing, market access, supply chain disruptions, pricing and foreign exchange volatility. The Integrated Customs Management System (ICUMS) team also provided insights into the Letters of Commitment process, an important compliance requirement for exporters.

Head of Trade and Working Capital at Absa Bank Ghana, Emmanuel Mensah, highlighted the value of collaboration in addressing exporters’ needs.
“By deepening our understanding of the export value chain, we can better manage risks, offer more competitive pricing, and ultimately strengthen Ghana’s export capacity for broader economic growth.”

Insights gathered from the dialogue will bolster Absa’s Export Advantage programme, which provides tools, financing, and market information to help exporters compete effectively in global markets.

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