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Nana Adu Ampofo

Africa Strategy | Political Economy | Risk Analysis

Nana Adu Ampofo is a prominent figure in the field of country risk analysis, currently serving as the Co-Founder & Managing Partner at Songhai Advisory with over 15 years of experience in assisting clients in Sub-Saharan Africa.

With a rich educational background that includes a Master's in Economic Development and Policy Analysis from the University of Nottingham, a Bachelor's in Economics and Politics from the University of York, and education at Dulwich College, Nana is well-equipped to tackle complex economic challenges.

Throughout his career, Nana has held key roles at various reputable organizations, including being a Former Non-Resident Fellow at APRI, Managing Consultant at FITZROVIAN, Contributor at The Property Chronicle, Fellow at The RSA, Council Member at GLG, Country Analyst at Global Insight, and Assistant Economic Affairs Officer at the United Nations.

Nana's expertise lies in helping both private and public sector clients navigate and manage risks in Sub-Saharan Africa, drawing on his extensive experience working with global market intelligence agencies, investment policy units, government departments, and political strategists.

His broad range of professional experiences has made him a sought-after specialist in the field, consistently delivering valuable insights and strategic guidance to organizations operating in the region.

Highlights

Apr 17 · linkedin

We are less than two weeks from the CBN deadline for #banks to say how they plan to meet #Nigeria's new NGN 500 billion minimum #capital requirement. Some quick thoughts:

  1. CBN Governor Yemi Cardoso says that this re-engineering of the banking sector will allow Nigerian banks to facilitate Nigeria's transition to a trillion-dollar economy by 2026 (more than double the current GDP)... An ambitious timeline.

  2. Critics point out that just making the banks bigger will not address Nigeria's real banking problem - chronically low lending to the private sector (see chart). That's down to the macroeconomic environment and the #risk profile of Nigerian borrowers, particularly SMEs and households. It is a strong argument.

  3. But even if the benefits accrue to large corporates more so than smaller economic units, bigger Nigerian banks could still be a net positive for the country e.g. by being better armed to provide local currency lending for larger projects/deals in Nigeria and invest in better processes and technology.

  4. There's also a version of events in which these changes to the banks are accompanied by significant improvements to the macroeconomic context that are supportive of counterparty risk (e.g. reductions in currency volatility, cost of living pressures and infrastructure bottlenecks).

Granted, point 4 is an optimistic scenario. But it's one that seems increasingly conceivable—particularly to those outside the country and immune to the economic pains accompanying the current reform process.

Aug 24 · linkedin

"At a time when African countries are in great need of attracting capital to be able to avoid a sovereign debt crisis, many face two layers of sovereign credit downgrades. If the pandemic-induced downgrades were not enough, African countries now face carbon footprint credit downgrades, as per the recommendations of the Financial Stability Board’s task force and the commitments under the Paris Agreement and the Montreal Carbon Pledge" #greenfinance #sovereignrisk #geopolitics.  Thank you Ruth Teitelbaum

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Nana Adu Ampofo
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Location

Greater London, England, United Kingdom