Ecobank Urges Financial Sector Coordination for Capital Mobilisation

Ecobank Ghana’s Head of Marketing and Brand, Regina Ofori, has urged stronger financial sector collaboration to mobilise capital. She called for unified efforts to rebuild trust and strengthen Ghana’s economic stability. This call to action came at The Money Summit 2026 in Accra.

Ms. Ofori stated that sustainable economic growth requires better coordination. This coordination must happen across banking, pensions, insurance, capital markets, and regulatory institutions. She noted that recent macroeconomic challenges have tested confidence in Ghana’s markets. The clear mandate now is to restore and strengthen trust in financial institutions. It also involves mobilising and efficiently allocating capital. The goal is to build a stable and resilient system supporting sustained growth.

Ghana’s economy has faced significant challenges, including a high public debt burden and currency depreciation. The International Monetary Fund (IMF) approved a GHS 4.2 billion Extended Credit Facility for Ghana in May 2023. This agreement aims to stabilise the economy and restore investor confidence. Ms. Ofori's statements align with the broader national effort to attract investment and foster growth. This effort follows a period of financial instability.

Ms. Ofori emphasized that these are not abstract ideas but practical imperatives. She affirmed they require alignment across all financial institutions. She noted that fragmented efforts weaken economic outcomes. In contrast, coordinated financial systems are better positioned to withstand shocks. They can also attract investment and accelerate recovery. This approach echoes lessons from Ghana's recent debt restructuring experience. That experience highlighted the importance of unified stakeholder action.

Ecobank is actively contributing to economic development through its corporate and investment banking operations. The bank supports corporations, financial institutions, public sector entities, and development partners. It provides financing, trade facilitation, and advisory services. Ms. Ofori identified long-term capital mobilisation as a major opportunity. This is especially true for pension funds and insurance firms. Statistics from the National Pensions Regulatory Authority (NPRA) indicate Ghana's pension assets exceed GHS 4.2 billion. Unlocking and deploying this capital more effectively is crucial.

Banks, pension funds, and insurance firms must work together. They need to support infrastructure development, long-term financing, and innovative funding structures. One critical opportunity is long-term capital mobilisation. Ghana has strong institutional pools of capital, particularly within pensions and insurance. The question is not whether capital exists. Instead, it is about how effectively it is being unlocked and deployed. Greater cooperation could unlock significant investment in key sectors.

Ms. Ofori also highlighted the importance of strong institutions and sound regulation. Digital innovation and regional integration are also necessary. These elements are essential for building a resilient financial system. The financial sector must embrace collaboration, innovation, and institution-building. This will support Ghana’s long-term economic growth and stability. Ghana’s macroeconomic stability, exchange rate, and interest rates will likely respond to successful capital mobilisation efforts. Investors and policymakers will closely watch these developments.