Kwahu Business Forum: Absa Bank Pledges Funding Support for Businesses

Kobla Nyalete, Executive Director for Retail and Business Banking at Absa Bank Ghana, has called on businesses to take advantage of improved lending conditions, declaring the bank’s readiness to finance viable ventures across the country.

Speaking at the Kwahu Business Forum on Friday, April 3, he said Ghana is currently positioned for a major economic take-off, describing the moment as a “once-in-a-generation opportunity” for businesses to expand and thrive sustainably.

He attributed this outlook to recent macroeconomic stability, noting that interest rates have declined significantly, creating favourable conditions for borrowing and investment.

According to him, businesses can now access credit at rates between 12 and 14% without the need for heavy discounts, an opportunity he described as unprecedented in Ghana’s recent economic history.

”Even in difficult times, Absa found innovative solutions to support businesses, especially SMEs. We pioneered the SME loan at 10%. Today, we can extend such support to many more businesses, I dare say the ball is now in the court of entrepreneurs and businesses. We are ready to fund you,” he said, urging business leaders to engage directly with the bank and present bankable deals for consideration.

He further encouraged participants at the forum to interact with Absa representatives to explore funding opportunities, assuring that the bank is actively seeking to partner businesses across sectors.

The Kwahu Business Forum continues to provide a platform for dialogue between financial institutions and the business community, with a focus on unlocking growth opportunities and strengthening the private sector.