You are here: HomeBusiness2024 09 24Article 1985342

Business News of Tuesday, 24 September 2024

    

Source: Joy Business

Empowering SMEs through strategic banking partnerships: A blueprint for sustainable economic growth

Small and Medium-sized Enterprises (SMEs) are vital to Ghana’s economy Small and Medium-sized Enterprises (SMEs) are vital to Ghana’s economy

Small and Medium-sized Enterprises (SMEs) are vital to Ghana’s economy, contributing 70% to GDP and 85% of employment.

Despite their impact, they face challenges such as limited access to finance and infrastructure.

Banks, like Access Bank, play a crucial role by offering financial products, collateral-free loans, and capacity-building programs that empower SMEs to grow. Digital banking services also enhance SME operations.

Integrating Environmental, Social, and Governance (ESG) principles into these partnerships promotes sustainable growth, creating jobs and contributing to Ghana’s economic resilience and prosperity.

Read full article