About us

Absa Bank Ghana LTD

Absa Bank Ghana LTD is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42,000 employees.

We’re committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value. To this end, we offer our clients a range of retail, business, corporate and investment, and wealth management solutions. We also ensure a positive impact in all the countries where we operate.

We’re part of a truly African brand, inspired by the people we serve and determined to make our continent proud.

About Absa Group

Our leaders

Country Management Committee

Interim Managing Director - Adolph Kpegah

Adolph is the Interim Managing Director of Absa Bank Ghana LTD and an Executive Board Director. He joined Absa Bank in 2008 with a diversity of experiences in business development, relationship management and credit risk management within the Consumer Banking, Business Banking and Corporate & Investment Banking segments.

He worked with two other banks in the industry before joining Absa Ghana and has served in various capacities before progressing to Chief Risk Officer in 2018.

Adolph holds a Bachelor of Arts degree in Economics with Statistics from University of Ghana and an MSc. in Business Administration (Finance) from Ghana Institute of Public Administration (GIMPA).

He also has a certificate in Advance Commercial Lending from the IFS School of Finance, London.

Executive Director: Retail and Business Banking - Kobla Nyaletey

Kobla is the Managing Principal for Retail and Business Banking and an Executive Board Director at Absa Bank Ghana. Prior to assuming this role, he was Director & Head of Global Markets, Corporate and Investment Banking at Absa Bank Ghana with oversight responsibility over Absa group’s Global Markets business in Nigeria.

As Head of Markets, Kobla was responsible for the firm’s FX, Bond Sales & Trading business, Debt Structuring & Distribution as well as Risk Management Product sales. Kobla joined Absa Ghana (erstwhile Barclays Ghana) in 2005 and has experience in Treasury, Corporate Banking, Retail Risk and Operations.

Prior to becoming Head of Global Markets, Kobla was Head of Trading & Treasury Execution Services (TES) and acted in the capacity of Country Treasurer for Barclays Bank Ghana for a year. Kobla is a member of the Executive Committee of Absa Bank Ghana and sits on other management committees.

He has led key bond distribution and structured FX swap transactions in the Ghanaian market. He is a frequently quoted authority on the Ghanaian market and is widely consulted by the Ministry of Finance, multilateral organisations, and industry analysts, among others.

He holds a BSc. degree in Banking and Finance and an Executive MBA in Finance, from University of Ghana Business School. He is also a fellow of the Association of Chartered Certified Accountants (ACCA).

Kobla is a past president of ACI Ghana –The Financial Markets Association, a past executive and avid member of the Rotary Club of Accra Ring Road Central.

Executive Director and CFO - Munatsi Mkushi

Kush has been a key management personnel and member of Absa Bank Ghana LTD.’s Country Management Committee (CMC) after his appointment as Director of Strategy on February 15^th, 2021. He is currently an Executive Director in charge of Finance at the bank.

Kush has extensive experience in business strategy & competitor analysis, financial performance analysis, financial & commercial due diligence, integrated operational & financial modelling, mergers & acquisitions, valuations, retail risk, investor relations & cost management. In his 16 years of experience, Kush has worked across multiple organisations and sectors; including Ernst & Young LLP, United Kingdom (UK), Mondi PLC (UK), GE Capital (UK), Barclays International (UK) and currently Absa Ghana.

He holds a Masters’ degree in Experimental and Theoretical Physics from University of Cambridge, UK. He has also attended the Management Studies programme at Cambridge University Judge Business School. He is a Chartered Accountant (ICAS), a member of the Institute of Physics (UK) and a Fellow of the Cambridge Commonwealth Society. He is fluent in Portuguese.

Managing Principal: Corporate and Investment Banking - Ellen Ohene-Afoakwa

Ellen is a Fellow of the Chartered Institute of Bankers, Ghana and has over 20 years’ experience in the Banking Industry. She has a track record of consistent excellent performance in the Corporate and Investment Banking (CIB) business.

Under her leadership, the Ghana CIB team has won several awards, including Best Bank for Trade Finance-Ghana (The Digital Banker Innovation Awards 2022), Market Leader and overall Best Service awards at the Euromoney Cash Management Awards (2019, 2021).

Ellen has training in leadership from Duke Corporate Education, South Africa and the BANKSETA International Executive Development Programme. She holds an EMBA from the GIMPA Business School (Ghana), a BSc. Degree in Agricultural Economics from KNUST, Ghana; and Diplomas in Customer Relationship Management and Credit Skills Development from London Institute of Banking and Finance (UK).

Ellen is a Rotarian and the Charter President for Rotary Club of Accra Osu-Oxford Street. She is highly motivated and passionate about people development and giving back to society. She also served for 6 years as Council Member of the Ghana Institute of Bankers.

Retail Banking Director - Charles Addo

Charles joined the erstwhile Barclays bank Ghana in 2007 as the Head of Retail Expansion, before leading the Barclays@Work team.

Until his current role, Charles led the Customer Network team and was responsible for driving the Retail and Business Banking agenda throughout the Network and the Customer Lifecycle Management (CLM), a principle that he championed and embedded as a way of life across the bank.

He has also served as the Head of Deposits & Card Acquiring and Alternate Business Models workstream. In his relatively short time at the helm of this unit, Charles led his team to deliver the highest ever end of period balance in liabilities in 2016 and was acknowledged as the best Acquiring business in Africa, that same year.

Business Banking Director - Grace Anim-Yeboah

Grace joined Absa Bank Ghana (erstwhile Barclays Bank) in October 2007 from Standard Chartered Bank.

She is credited with creating and building the Cash Management unit in Barclays Bank Ghana and going on to win the Euromoney Best Cash Management Bank in Ghana award. Grace has held different roles across several countries in Africa. These include Head of Transaction Banking in Zambia, Regional Head of Cash Management (for Kenya, Uganda, Tanzania, Egypt, and Ghana), Director of Client Solutions in Barclays Bank Mozambique, and Director, Global Clients in CIB Ghana.

She is currently the Director for Business Banking at Absa Bank Ghana.

Grace holds an MBA in Oil and Gas from Robert Gordon University, Aberdeen, Scotland.

Country Treasurer - Kenneth Gborglah

Kenneth joined Absa Bank in August 2015 as Country Treasurer. Prior to joining the bank, he worked with Standard Chartered Bank in various roles and capacities across the Treasury space for more than 13 years, the last ten of which was spent in Asset and Liability Management (ALM).

Ken is an accomplished banker whose wealth of work experience in balance sheet, liquidity, and interest rate risk management span various countries, including USA, Ghana, Cameroon, the Republic of Côte d’Ivoire, Sierra Leone, Hong Kong, Malaysia, Singapore, and the UK, where he consistently generated high revenues, and oversaw significant balance sheet growth and stability. Kenneth is also currently the Chairman of the Board of Trustees of the Absa Occupational Pension Scheme and Provident Fund

He holds an MSc in Investment Management from Cass Business School in London; a BSc Administration (Accounting Option) from University of Ghana, Legon and an ACI dealing certificate.

Director of People and Culture - William Easmon

William is a progressive and transformative leader with diversity of experiences in the human resources space in Ghana’s corporate world.

He joined Absa Bank in 2013 from Fidelity Bank where he was an integral part of crafting policies, developing engagement tools, initiating projects, and aligning HR strategies to overall organizational goals.

With close to 21 years progressive hands-on HR experience spanning the private, public, non-profit, and financial sectors, William has in-depth understanding of generational diversity and its direct effect on workforce engagement and productivity.

This has enabled him to spearhead tailor-made solutions to engagement issues; performance management, reward, and retention issues, among others, which have stood the test of time and added value to the many organisations he is worked for.

William holds a Bachelor of Arts degree from University of Ghana, Legon, a Masters in International Relations and Diplomacy from the Legon Centre for International Affairs and Diplomacy from the University of Ghana and a Diploma in Human Resource Management from the Galilee College, The International Management Training Institute, Israel. He is also a member of the Chartered Institute of Human Resource Management Practitioners, Ghana.

Head of Markets - Jacob Brobbey

Jake joined Absa Bank Ghana in 2006 as part of its Retail Banking Business division before moving to the bank’s Treasury department a year later. After Treasury and Markets were spun-off into two separate entities, he joined the Trading team, where he rose through the ranks to become Head of CIB Markets.

Over the years, Jake has acquired extensive knowledge and experience in Risk Management, Treasury Management, Strategy, and Trading. In 2019, he served for seven months as the acting Head of Markets for the CIB Markets franchise in Seychelles and led them through a transitionary period.

Jake is a sitting member of the Technical Committee of Ghana Fixed Income Market (GFIM) – a body charged with the responsibility of advising the governing council on how to embed Fixed Income Trading Best Practices in Ghana. Additionally, he was part of the 10-member committee that drafted the Ghana Repo Trading Guidelines.

Jake holds a Bachelor of Commerce (BCom) degree from University of Cape Coast and an Executive MBA (Finance) from University of Ghana. He is also a Fellow of the Association of Chartered Certified Accountants (FCCA) of the United Kingdom, a member of Institute of Chartered Accountants Ghana (ICAG), and a holder of the ACI Dealing Certificate – with distinction.

Chief Information and Enablement Officer - Justice Amegashie

Justice is a Technology and Change professional with over 15 years’ experience within the Telecommunications and Financial Services industries, where he has overseen large-scale IT, Digital and Process transformation initiatives.

He joined the bank in October 2015 as a Project Manager; and has gone on to serve in capacities such as Head of Change, Head of Digital & Change Enablement; and is currently the Chief Information & Enablement Officer, responsible for Technology and Change.

Justice holds an MSc in Business Decision Management from Coventry University and is a Certified Project Management Professional.

He also holds an Advanced Certificate in System & Database Administration from the Ghana Institute of Public Administration (GIMPA).

Justice has also received leadership training from IMD Business School as part of the LEAP programme. He is passionate about people development and using technology to solve commercial and social problems.

Chief Customer Officer - Evelyn Acquah

Evelyn has served as Chief Customer Officer since September 2020. Prior to this, she was Head of Customer Segments and Affluent Banking at Absa Bank Ghana, responsible for the development and ownership of Customer Value Propositions for the Affluent segment.

She has over 17 years’ experience in Banking and Finance with core expertise in Product design and rollout, as well as managing customer value propositions and customer lifecycles. She has held several positions including Head of Products Development for Consumer-banking. She has pioneered a number of initiatives within the Retail banking Business notable amongst these is roll out of Credit Cards, Variable rate loans and the Ultimate account which won Best deposit product in West Africa by the Asian Banker.

Evelyn is passionate about mentoring and empowering the youth particularly young women. She is currently a member of the Executive Women Network and actively drives community development and fund-raising activities to support the less privileged.

She holds an International Executive MBA in Strategic and Project Management from Paris Graduate School of Management, a certified Product Manager from the Association of International Product Marketing & Management (AIPMM) and a BSc. Administration degree from University of Ghana, Legon. She has also been trained in leadership from Duke Corporate Education in South Africa and is also a product of the African Development Initiative.

Chief Operating Officer - Fred Nyinaku

Frederick joined Absa Bank from Unilever Ghana Limited, as a Project Manager in 2005, where he built his capacity to become a senior Change Manager. Frederick has led the delivery of high-profile complex projects in system development and deployment, Business Process improvement models, Branch Rationalization, and a number of regulatory initiatives. He has subsequently served in capacities such as Head of Credit Operations, Markets, Treasury and Wholesale Operations - consisting of Payments operations, Trade Operations, Corporate Service Centre, and Central Securities unit. He has also garnered experience in Project and Change delivery, Banking Operations, operational and cost efficiency.

Fred holds a BSc. degree in Land Economy and an EMBA in Finance from University of Ghana. He is a Certified Project Manager, with an ACI Operations Certificate and a Diploma in Management Accounting from the Chartered Institute of Management Accountants (CIMA). Frederick has completed the Absa Excellence Programme for Senior Leadership and has also received leadership training from IMD Business School as part of the LEAP programme.

He is enthusiastic about personal development, motivating and empowering successful teams.

Marketing and Corporate Affairs Director - Nana Essilfuah Boison

Nana is the Director of Marketing and Corporate Affairs. She has over 28 years combined experience in Brand Marketing and Communication, External Relations, CSR Management, Consumer Services, Consumer Insights and Business Management. She joined the bank from Nestle Central and West Africa (CWAR) where she had coordinating oversight of 23 Central and West African Countries in the Culinary business.

Essilfuah holds an EMBA in Marketing from University of Ghana Business School Legon, a BA (Hons) from University of Science and Technology (KNUST), majoring in Law and History. She also has a Digital Marketing Certificate from University of Stellenbosch Business School in Cape Town, South Africa. She is a certified Alternate Dispute Resolution (ADR) Practitioner and an Adjunct Lecturer in Strategic Brand Management in one of Ghana’s Universities.

She is a member of the Chartered Institute of Marketing Ghana, the Institute of Public Relations Ghana, the International Advertising Association, and the Executive Women Network. She has won several Industry awards, including Marketing Practitioner of the Year 2022, the Top 50 and 20 Marketing Professionals in West Africa in 2017 and 2019 respectively and the Marketing Personality of the Year in 2018.
Board of Directors

Frances Adu-Mante - Board Chair

Mrs. Frances Adu-Mante joined the Board on 1 September 2017. She holds an EMBA (Finance) from University of Ghana Business School, Bachelor of Laws Degree from the same university and a Professional Qualifying Certificate in Law from the Ghana Law School. Additionally, she holds a Certificate of Completion of Programme in United States Law and Legal Institutions from the University of Wisconsin, USA. She is also an alumna of the INSEAD Executive Programme.

She has 43 years’ experience in Law, Banking and Finance. She is currently a Consultant at Rofam Consultancy Services, a Legal and Human Resource Management Consultancy.

Mrs. Adu-Mante worked with Ecobank Group for 25 years. Portfolios held included, Group Coordinator, Ecobank Microfinance & Managing Director/CEO EB-ACCION Savings & Loans Company Limited, Director, Retail Banking, Director & Head of Consumer Banking, Company Secretary/Head-Legal, Regulatory & Compliance with additional responsibility at various times for General and Credit Administration.

Mrs. Adu-Mante was a member of several boards, including Ecobank Ghana Limited and currently the Chairperson of the Board of Trustees, University of Ghana Business School Endowment Fund

Kofi Sadick Yamoah - Non-Executive Director

Kofi S. Yamoah is the immediate-past Managing Director of the Ghana Stock Exchange. He is a product of: Mfantsipim School, Cape Coast; University of Ghana Business School, Legon; and the China Europe International Business School (CEIBS).

He holds a Bachelor of Science in Administration (Accounting) degree from University of Ghana and an MBA from the China Europe International Business School. He is a chartered accountant (ICA Ghana) and an investment banker.

Mr. Yamoah started his career with the Ghana Stock Exchange in 1990 and served in various capacities, including Presiding Officer on the Trading Floor, Financial Controller, Head of Listings and General Manager.

He was appointed Managing Director of the Exchange in April 2003 and served in that capacity up to his retirement in July 2019. Mr. Yamoah has a great understanding of the running of financial markets through extensive executive training and study tours of many such institutions in Africa, the US, Europe, and Asia.

Apart from Absa Ghana Ltd, Mr. Yamoah serves on the boards of Accra Institute of Technology and most recently, Venture Capital Trust Fund, Ghana.

Philip Sowah - Non-Executive Director

Mr. Philip Sowah was appointed Non-Executive Member of the Board on 17 December 2014, effective 1 April 2015.

Mr. Sowah has Senior Management experience in telecommunications, information technology and management consulting with diverse industry and functional expertise and a demonstrated track record of leadership and results delivery. Mr. Sowah also has extensive international professional work experience across Africa, USA, and the Middle East.

He previously held CEO roles in several organisations, including Airtel Ghana, Zain Ghana, and OneTouch (now Vodafone Ghana). Philip is currently a Partner at Nubuke Business Investment Advisory, where he provides advisory services to government, public and private companies.

Charles Ayesu Darku - Non-Executive Director

Mr. Charles Ayesu Darku was appointed Non-Executive Member of the Board on December 17, 2014, effective April 1, 2015. Mr. Darku holds a B.Sc. in Electrical Engineering from Kwame Nkrumah University of Science and Technology and a master’s degree in Public Administration from Harvard University, Cambridge MA, USA.

Mr. Darku is an accomplished Professional Engineer with years of experience in various aspects of the electricity power utility industry at the Senior Management level. He was the CEO of Ghana Grid Company Ltd from 2009 to 2013, Director of Power Sales with VRA, from 2002 – 2009, Staff Director, Office of Deputy Chief Executive (Engineering and Operations), VRA from 2001 – 2002.

Mr. Darku recently retired as Managing Director of Tullow Oil Ghana Ltd after 5 years and is currently providing consulting and advisory services.

Stephen Ato Frimpong - Non-Executive Director

Mr. Stephen Ato Frimpong was appointed Non-Executive Member of the Board on 1 March 2021. Mr. Frimpong holds a Bachelor of Commerce degree from University of Cape Coast in Ghana and a Master of Accounting degree from University of Texas at Austin. He is a Certified Public Accountant (CPA) and a Certified Management Accountant (CMA). He served as Vice President and Chief Audit Executive at Kimberly-Clark Corporation, from November 2009 until his retirement on April 2, 2020. He had leadership responsibility for the company's global internal audit function, including supporting its compliance programmes and ethics related investigations.

A governance expert and a thought leader, Stephen has significant board level experience with large US public companies and a proven track record of accomplishments in establishing and transforming corporate functions. He has expertise in Finance, Business Operations, Sales and marketing, Risk Management, Compliance and Ethics, Information Technology/ Cyber Security and Data Privacy matters. Prior to joining Kimberly Clark, Stephen held a variety of leadership positions at Hewlett-Packard (HP), and Verizon in the United States of America

Clinton Clarke - Non-Executive Director

Mr Clinton Clarke was appointed Non-Executive Director to the Board of Absa Bank Ghana, effective 14 May 2021. He is an experienced Investment Banking Professional with over 25 years of multi-disciplinary Investment Banking experience in South Africa, rest of Africa and the UK. The last 12 years of this experience has been as a Managing Director in both Global Markets and Corporate and Investment Banking where he demonstrated a track record of building winning teams across several disciplines and jurisdictions.

Clinton has worked at Board and Executive Committee levels across the Absa Group Limited and Barclays CIB, directing and executing strategy.

He has extensive Board experience, having chaired, and served on several of Absa’s Asset management Companies, including Absa Alternative Asset Management and the New Gold Issuer Board. He was also Chairman of the Primary Dealers Association of South Africa.

He has managed complex businesses and winning teams that are able to work across multiple jurisdictions while navigating the associated Compliance and Regulatory regimes. Mr. Clarke holds a BSc. and Bachelor of Laws degrees and is currently the Managing Executive, CIB SA Coastal Regions, SA.

Benedicta Wontumi - Non-Executive Director

Benedicta Wontumi is a top-class credit risk approver, coach and trainer. Her 26 years experience stems from high profile and reputable financial organisations including Ecobank Transnational Incorporated, Standard Chartered Bank and Merchant Bank Ghana Ltd.

Throughout her work in Standard Chartered Bank and Ecobank Transnational for a period of 19 years, she was granted substantial credit approval limits for the approval of loans for a wide customer base spanning from small and medium sized companies to multinationals across Central Africa, East Africa, Southern Africa, West Africa, Europe, and Asia.

Benedicta has been involved in the development and implementation of credit risk strategy for multinationals and local banks with rich relevant insights across more than 36 African countries.

Benedicta is currently the Head of Credit Risk of Growth Investment Partners (GIP) which is a Private Equity Fund.