Absa Bank Extends Support to Kantamanto Traders with GH¢150,000 Donation

Absa Bank Ghana has reaffirmed its dedication to aiding small businesses in the country by contributing GH¢150,000 to support traders affected by the devastating fire on January 2. The donation comprises GH¢100,000 in cash and GH¢50,000 worth of roofing sheets, aimed at facilitating the traders’ rebuilding efforts.

In a brief presentation at the Kantamanto market, Absa Bank officials were joined by representatives from the various trading associations in Kantamanto. During his remarks, Kobla Nyaletey, Managing Principal at Absa Bank Ghana, expressed deep sympathy for the traders’ losses. He emphasized the bank’s proactive support through three key initiatives: the GH¢150,000 donation, offering loans to traders at a favorable 10% interest rate, and establishing an Absa presence within Kantamanto Market to facilitate seamless transactions. Audrey Abakah, Director of SME, Agency Banking, and Partnerships at Absa Bank, underscored the bank’s commitment to supporting traders through innovative financial solutions.

“As a bank that cares and seeks to empower Africa’s tomorrow, we could not sit idly by but felt compelled to meet with the executives of the Second-Hand Used Clothing Association to make this donation and present specially designed packages for wholesalers and traders,” Abakah stated.

Dr. Joseph Obeng, president of the Ghana Union of Traders Association (GUTA), expressed gratitude for the bank’s swift intervention, saying, “We thank Absa for listening to our cry and coming to help us. Absa has once again proven to be a friend of traders. The support Absa has given us today shows the integrity of the bank.” Dr. Obeng added, “We will use the money to rebuild Kantamanto and not for anything else.”