GHANA International Bank (GHIB) has concluded GHIBCONVERGE 2025, its flagship thought-leadership and impact forum, after three days of intensive debate on the future of African commodity trade and finance.
The event, held in London, brought together policymakers, financiers, commodity executives, legal specialists, and development experts from across Africa and the global market to craft actionable strategies for shifting the continent from raw commodity dependence to value-added trade, supported by sustainable finance and integrated infrastructure.
Under the banner ‘Rethinking Commodity Finance for Growth’, the conference explored the opportunities and structural reforms needed to accelerate Africa’s industrialisation, strengthen its trade position, and unlock new sources of revenue.
In his opening remarks, GHIB Chief Executive Officer, Dean Adansi, made the case for re-engineering Africa’s commodity export model.
He noted that just 14 per cent of Africa’s exports were currently value-added goods, a figure that had remained unchanged for decades.
“We are sitting on untapped billions in export revenues because we continue to export raw cocoa instead of chocolate, raw gold instead of refined bullion, and raw cashew instead of processed kernels,” Mr Adansi told attendees.
“The financing solutions exist but they require alignment between banks, policymakers, and industry,” he said.
A keynote session on ‘Growing Africa through Commodities’ featured Governor Buah Saidy of the Central Bank of The Gambia, who delivered a forthright assessment of the strategic role commodities can play in macroeconomic stability.
“For too long, Africa’s commodity wealth has been exported in its rawest form, leaving value and jobs offshore,” Governor Saidy said.
“By investing in domestic refining capacity, building regional value chains, and securing fairer terms of trade, we can anchor our currencies, strengthen reserves, and create lasting resilience in our economies.”
Ghana’s central bank was represented by the First Deputy Governor, Dr Zakaria Mumuni, who underscored the Bank of Ghana’s commitment to expanding domestic gold refining capacity and integrating ESG considerations into commodity sector policy.
He highlighted how refining at source could reduce Ghana’s dependence on imported refined bullion and provide a hedge against volatility in global markets.
In a keynote address on day two, Lord Paul Boateng, former UK Cabinet Minister and GHIB Board Member, argued that Africa must treat its commodity resources as geopolitical assets.
“Critical minerals, cocoa, gold, these are not just export lines in a trade ledger,” Lord Boateng said.
“They are bargaining chips in a changing global order, and Africa must use them to secure technology transfer, infrastructure investment, and sustainable value chains.”
His remarks framed a panel discussion on the race for critical minerals; a sector poised to benefit from surging global demand for battery metals and clean energy inputs.
Panelists examined the policy frameworks and financing models needed to ensure Africa moves beyond extraction into refining and high-value manufacturing, particularly in electric vehicle supply chains.
BY TIMES REPOTER
The post GHIBCONVERGE2025 outlines strategies for refining, financing African commodity trade appeared first on Ghanaian Times.
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