During a recent Thought Leadership Seminar organized by Absa Bank’s Corporate Investment Banking (CIB) unit, leading financial experts and CIB clients put a specific focus on navigating economic challenges through robust risk management strategies. The event featured detailed discussions on the macroeconomic outlook and the application of derivative strategies to manage and mitigate economic risks.
Adolf Kpegah, the Interim Managing Director of Absa Bank Ghana, emphasised the necessity of strategic partnerships between the public and private sectors to harness collective strengths during economic fluctuations. “It is imperative that we continue to foster partnerships, encourage dialogue, and leverage the collective expertise of the private and public sectors,” Mr Kpegah stated.
Jeff Gable, Absa Group Head of Macro Research, provided an in-depth analysis of the global economic landscape, highlighting its impact on emerging markets, with a specific focus on Ghana. He elaborated on various derivative strategies that clients could employ to safeguard their businesses.
“While the global economy poses significant challenges, strategic use of derivatives will play a crucial role in navigating market volatility. Our goal today is to equip our clients with the knowledge to stabilize and grow their enterprises amidst these uncertainties,” said Mr Gable.
The seminar aimed to educate Absa’s clients on risk management products that are pivotal in managing economic risks. This session was part of Absa Bank Ghana’s commitment to empowering its clients by providing innovative financial solutions and strategic insights to navigate and thrive in a fluctuating economic environment.
In his closing remarks, Mr Kpegah encouraged continued engagement and learning, underscoring the bank’s commitment to leading change and fostering economic stability. “Let us continue to work together, moving forward with the knowledge that our collective efforts will lead to a brighter, more empowered future for all.”
