On May 26th, 2025, the Association of Ghana Industries (AGI) hosted a high-level meeting with a delegation from ABSA Bank, led by Mrs. Cynthia Abbien from Ecosystem Bank together with Mr. David Mparutsa from Absa Bank, Mr. Saul Head of Growth Capital and their other colleagues at the AGI Secretariat.
AGI President Dr. Humphrey K. Ayim Darke and CEO Mr. Seth Twum-Akwaboah and some invited members engaged in discussions to explore innovative financial models that can accelerate Ghana’s industrial growth.
Key Discussion Points
– Ecosystem-based financing and growth capital for indigenous businesses
– Potential localization of South Africa’s successful Black Industrialist Funding framework
– Opportunities in solar energy, agro-processing, cosmetics, industrial equipment, and special economic zones
– Proposal to structure Special Purpose Vehicles (SPVs) for collective financing of SMEs
Next Steps
– AGI and ABSA to work on pilot projects and policy advocacy
– Ideas to be showcased at the Ghana Industrial Summit & Exhibition 2025
The meeting emphasized the need for contextual solutions that promote indigenous ownership and sustainable industrial equity, marking a shift from collateral-based lending to more inclusive, cash-flow-driven support.
