Zenith Bank has reaffirmed its commitment to the real economy, as evidenced by a slew of measures geared toward empowering Micro, Small and Medium Enterprises (MSMEs) in the country, a move which it describes as ‘true banking’. This renewed dedication was announced by its Managing Director and Chief Executive Officer,...
Small and Medium Enterprises have contributed significantly to the overall GDP growth of Ghana. In fact, it is believed to be the engine of growth as far as private sector contribution is concerned. Statistics show that SME contributes about 70% of growth to Ghana’s GDP. Therefore, supporting and sustaining...
GVCA/Big 3 professional service firms collaborate on campaign KPMG, PwC, and Deloitte, the three of the ‘Big Four’ Professional Service firms, namely, have officially launched a campaign aimed at increasing advisory and tax services, bolstering capital raising efforts for Small and Medium Enterprises (SME’s) in Ghana. The campaign is...
The ACP-DIGI Project, designed to drive digitalisation among Small and Medium Enterprises (SMEs), has successfully educated and equipped over one thousand participants. Lead Consultant and CEO-Suku Technologies Limited, Tsonam Akpeloo, highlighted the project's role in addressing challenges faced by SMEs. He recalled tough business situations during the COVID-19 pandemic, emphasising the need for...
Chairman-Krif Ghana Limited, Rev. Kennedy Okoson, has reiterated that credit cost remains a critical impediment to the growth and expansion of small and medium-scale enterprises (SMEs) in the wholesale/retail and supply chain industry. To overcome the credit crunch challenge facing local businesses, he underscored the need for supplier credit -...
Due to lack of financial support and technical know-how, small- and medium-sized enterprises (SMEs) are unable to meet large demands from the European Union (EU) market, according to the team leader at Compete Ghana Technical Assistance, Nicholas Gebara. "It is quite challenging when a client from the EU makes a...
Small and Medium-sized Enterprises (SMEs) play a pivotal role in the global economy, contributing significantly to job creation and serving as essential components of large companies' supply chains. According to the International Labour Organization (ILO), SMEs account for more than two-thirds of employment opportunities worldwide, underscoring their critical role...
The African Continental Free Trade Area (AfCFTA) Agreement is regarded as the leading and most important flagship project under the African Union’s Agenda 2063 to transform the continent of Africa into a global powerhouse. The World Bank reports that the Agreement has the potential to create the largest free trade...
Standard Chartered Bank Ghana has opened applications for Cohort 4 of the Standard Chartered Women in Technology (SCWIT) Incubator Programme. The initiative supports female-led and/or owned businesses, in line with the growing demand for diversity in technology and entrepreneurship. It underscores the need for increased opportunities for women to develop...
…a cause for concern Ghana's recent ranking as the 9th most financially secretive country in Africa, according to the Tax Justice Network's Financial Secrecy Index (FSI) 2022, brings to light the complexities surrounding financial secrecy and its impact on global financial systems. The FSI utilizes a combination of qualitative and...