Andrews Akoto, Head of Trading at Absa Bank Ghana
In a recent initiative to bolster economic resilience, Absa Bank Ghana has organized a seminar for its Business Banking clients focused on understanding and managing market risks effectively.
The event, themed “Anticipate and Effectively Manage Market Risk,” aimed to provide insight into the current macroeconomic climate, highlighting potential market risks and outlining risk management solutions.
During the seminar, Andrews Akoto, Head of Trading at Absa Bank Ghana, offered a macroeconomic update that indicated a cautiously optimistic outlook for the domestic market. Andrews emphasized the gradual recovery of consumer and business confidence, alongside a steady rebound in economic activity.
However, he also pointed out challenges such as the risk of a prolonged debt restructuring and potential fiscal slippages during election years. Despite these hurdles, he projected higher economic growth in 2024, driven by increased production capacities in the extractive industries and higher government spending.
Andrews further addressed the start of an interest rate easing cycle and the expected performance of the currency in the coming year,…
