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...
The Coalition for Positive Impact (CPI) has injected GH¢38,500 in businesses operating in the northern parts of the country, in line with its push for youth empowerment. Maazu Bayuoni, the Founder and President of CPI, disclosed this at his outfit’s ‘Igniting Dreams’ summit held in the Wa Municipality of the...
The Chief Executive Officer (CEO) of EIB Network, and Empire Foundation, Nathan Kwabena Anokye Adisi, popularly known as Bola Ray, has emphasised his commitment to continue using his platforms to give a voice to the voiceless, uplift others and champion causes that would improve the lives of Ghanaians. According to...
To establish its unrelenting commitment to development of the country's economy, FBNBank Ghana Limited has started a series of fairs for small and medium enterprises (SMEs). The FBNBank SME Fair is in two editions: the first edition takes place from 12th to 16th December 2023 at the Atomic Branch while...
Small and Medium-sized Enterprises (SMEs) are the lifeblood of economies. They serve as the engines of innovation, economic growth, and job creation. At the end of 2021, there were approximately 332.99 million SMEs worldwide, constituting over 90 percent of businesses and accounting for more than 50 percent of global...