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

Image 735 35 712x424.png Small and Medium-sized Enterprises (SMEs) are vital to Ghana’s economy

Tue, 24 Sep 2024 Source: Joy Business

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.

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Source: Joy Business