Business News Sun, 30 Jun 2019

Barclays intensifies trade finance offering to businesses

Barclays Bank Ghana, a member of Absa Group, has held an International Trade Finance Forum for its clients – largely importers and exporters – with a commitment to intensify its trade finance support for businesses in Ghana as it transitions to Absa.

According to Barclays, it is committed to helping Ghanaian traders achieve their financial goals with a robust and broad array of product offering, coupled with extensive experience in the banking industry. The bank said Absa had lined up superior and exclusive offers and opportunities for customers to grow their businesses.

The forum, dubbed:“Global Trade and Risk Management – Optimizing the way Organizations Transact Business Internationally”, provided participants with deep insights into global trade, exposed them to discussions on Ghana’s paperless clearing system, opportunities presented under the Africa Free Trade Agreement and examined trends in Ghana’s foreign exchange market. It also provided a platform for an interaction among industry players in international trade.

Speaking at the forum, Ellen Ohene-Afoakwa, Corporate Banking Director at Barclays Bank Ghana, assured clients that as Barclays transitions to become Absa, the bank would continue to be a key player in assisting them in their trade facilitation.

“As a bank, we intend to continue playing our rightful role by providing superior financial services to facilitate trade between countries …” Ohene-Afoakwa said.

Other speakers at the event were Bohani Hlungwane, Absa Regional Head of Trade; Ivy Deh, a Senior Dealer at Barclays Bank Ghana; and Abena Serwaa Opoku Fosu, Corporate Affairs Manager at Ghana Ports and Harbours Authority (GPHA).

Source: dailyguidenetwork.com