Accra, Nov. 14, GNA – Absa Bank Ghana Limited says it will continue collaborating with exporters and trade institutions to support national economic growth through the sector.
Mr Prosper Kuyipwah, Director of Transactional Banking at Absa Bank Ghana, said this during a session with exporters, industry associations, trade experts, and financial institutions to discuss opportunities and emerging issues within Ghana’s export sector.
“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.
The forum held in Accra examined themes, such as access to tailored finance, managing price volatility and currency exposure, and identifying opportunities in high-growth export sectors.
Organised in partnership with the Ghana Export Promotion Authority (GEPA) and the Federation of Associations of Ghanaian Exporters (FAGE), participants outlined priority constraints and proposed banking solutions to support export growth.
Mr Davis Korboe, President of FAGE, outlined the barriers exporters faced and urged the implementation of 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,” he noted.
Participants discussed issues including export value chain, trade financing, market access, supply chain disruptions, pricing and foreign exchange volatility.
The Integrated Customs Management System (ICUMS) team provided insights into the “Letters of Commitment” process, a compliance requirement for exporters.
Mr Emmanuel Mensah, Head of Trade and Working Capital at Absa Bank Ghana, 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 would support Absa’s Export Advantage programme, which provides tools, financing, and market information to help exporters compete effectively in global markets.
GNA
Edited by Beatrice Asamani Savage