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Press Releases of Friday, 19 November 2021

Source: Absa Bank Ghana

Absa Bank signals strong local business support in Ghana

Abena Osei-Poku, Managing Director of Absa Bank Ghana Abena Osei-Poku, Managing Director of Absa Bank Ghana

Managing Director of Absa Bank Ghana, Abena Osei-Poku has given a strong indication that the bank will be relentless in its support for local businesses across key sectors of the economy.

She says the move reflects the bank’s Africanacity brand promise, which embraces the spirit and ingenuity of the African to achieve great success.

Speaking at the commissioning of Ghana’s first offshore sea vessel, Flat Confidence, in Takoradi, Mrs. Osei-Poku said the bank decided to fund the vessel acquisition due to its long-term commitment to local content development in the Ghanaian economy.

“Absa Bank has always been intentional and deliberate about our support for the key sectors of the Ghanaian economy. This reflects our Africanacity brand promise which embraces and champions the ability of the African to excel against all odds. Our financing of Flat C Marine Services company in purchasing this vessel, is a glimpse into the future of endless possibilities for Ghana’s local businesses. We want to further assure that we are always open for business and will remain passionate about our overall commitment to the key sectors of Ghana’s economy.”

The Flat Confidence vessel is operated by Flat C Marine Services company, which received a contract award from Tullow Oil Ghana. The vessel is currently operating on the shores of Ghana to support the burgeoning oil and gas sector. Absa Bank’s support will open up opportunities for other local businesses to access finance from such leading banks.

It also highlights the bank’s role as an important player in the Ghanaian economy, supporting key growth sectors including Small and Medium scale enterprises, Oil and Gas, Energy, Manufacturing and Agriculture. Absa Bank has a strong heritage in Ghana and has consistently demonstrated dynamism in meeting specific customer needs and stimulating economic growth.

The commissioning brought together key stakeholders in the oil and gas sector including government representatives from the relevant Ministries, Petroleum Commission, Oil and Gas companies and Traditional Leaders in the Western Region.