• About
  • Advertise
  • Privacy & Policy
  • Contact
JoyNewsRoom
  • Home
  • News
  • Entertainment
    I was childish for divorcing my husband 4 months after marriage – Ms Forson

    I was childish for divorcing my husband 4 months after marriage – Ms Forson

    ‘I can’t accept a marriage proposal that doesn’t come with a car’- Actress

    ‘I can’t accept a marriage proposal that doesn’t come with a car’- Actress

    Most women cheat because they do not enjoy their partners – Dzifa Sweetness

    Most women cheat because they do not enjoy their partners – Dzifa Sweetness

    Patapaa and German girlfriend look ravishing in new photo

    Patapaa and German girlfriend look ravishing in new photo

    Stonebwoy kicked out of hotel room after Kenya concert flopped and matters arising

    Stonebwoy kicked out of hotel room after Kenya concert flopped and matters arising

    Shatta Wale and Maccasio thrill fans at Tamale Sports Stadium

    Shatta Wale and Maccasio thrill fans at Tamale Sports Stadium

  • Politics
  • Local
  • Sports
  • World
No Result
View All Result
  • Home
  • News
  • Entertainment
    I was childish for divorcing my husband 4 months after marriage – Ms Forson

    I was childish for divorcing my husband 4 months after marriage – Ms Forson

    ‘I can’t accept a marriage proposal that doesn’t come with a car’- Actress

    ‘I can’t accept a marriage proposal that doesn’t come with a car’- Actress

    Most women cheat because they do not enjoy their partners – Dzifa Sweetness

    Most women cheat because they do not enjoy their partners – Dzifa Sweetness

    Patapaa and German girlfriend look ravishing in new photo

    Patapaa and German girlfriend look ravishing in new photo

    Stonebwoy kicked out of hotel room after Kenya concert flopped and matters arising

    Stonebwoy kicked out of hotel room after Kenya concert flopped and matters arising

    Shatta Wale and Maccasio thrill fans at Tamale Sports Stadium

    Shatta Wale and Maccasio thrill fans at Tamale Sports Stadium

  • Politics
  • Local
  • Sports
  • World
No Result
View All Result
JoyNewsRoom
No Result
View All Result

SMEs confident of improved access to finance post-banking sector cleanup

JoyNewsRoom by JoyNewsRoom
September 30, 2019
in Uncategorized
0
SMEs confident of improved access to finance post-banking sector cleanup
1
SHARES
32
VIEWS
Share on FacebookShare on Twitter

Some players in Small and Medium-sized Enterprises (SMEs) are hopeful that the recent banking sector cleanup will result in improved access to finance for their businesses.

For many years, difficulty in accessing funds – brought on by poor record-keeping, lack of collateral, and the reluctance of banks to design products for startups, has constrained the growth of the SME sector.

Speaking to the media at the 2018 Vodafone SME Ghana Awards, Project Lead of SMEGA Foundation, organizers of the SME Ghana Awards, Kwesi Ofori Jnr said, banks have become more liquid following the recent reforms in the sector, hence the need for improved support to budding entrepreneurs as they are seen as the drivers of economic growth.

“The issue is the debit financing that we are going through and the banks are not willing to even do long term financing; I know that with this cleanup the banks are now liquid to support the SMEs and what I hope the banks will do is to walk the talk,” he said.

Meanwhile, the Founder of Salt and Light Ministry who was the Special Guest of Honour at the awards ceremony, Joyce Aryee, has urged SMEs to build strong brands and take advantage of the Africa Continental Free Trade Agreement.

The 6th SME Ghana Awards saw Sariam Company Ltd. emerge the Best Performing SME of the year. Chief Executive of the company, Mariam Abdullah Naajia urged women entrepreneurs to be daring in the field of their respective endeavours.

Meanwhile, general insurance company, Activa International Insurance, has pledged insurance protection amounting to GHC3 million to the award winners.

The Deputy Managing Director of Finance and Administration at Activa International Insurance, Genevieve Tachie said, “We are providing them with some covers so we are going to give personal accident cover to the CEOs of the companies of the award winners, we are going to give them accident cover and we are also going to give them public liability cover up to the tune of GH¢3 million.”

Some other winners at the event were MBA Mode Institute winning multiple awards including Community Impact Award for its Kayaye project, Jilfa Trends as SME discovery of the year, Aide Chemist as Trade Sector pharmaceuticals and cosmetics SME of the year, among others.

The SME Ghana Awards is a national Small and Medium-sized Enterprises Award Scheme instituted to recognize the countless achievements of Ghanaian SMEs and individuals of entrepreneurial excellence of various categories.

The Award focuses on innovation, creativity, productivity, technology application, good management practices, corporate governance and business growth and profitability.

It also considers product quality, market competitiveness among businesses that ultimately promotes “Made-in-Ghana” products for local and global markets.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Previous Post

Veep to host Civil Servants at 2nd Africa Public Sector Conference & Awards

Next Post

Coup plot: 6 more soldiers arrested

JoyNewsRoom

JoyNewsRoom

Next Post
Coup plot: 6 more soldiers arrested

Coup plot: 6 more soldiers arrested

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
We will abolish Free SHS completely- General Mosquito.

We will abolish Free SHS completely- General Mosquito.

October 2, 2018
Felix Ofosu Kwakye’s Properties Auctioned.

Felix Ofosu Kwakye’s Properties Auctioned.

April 18, 2019
2016 Defeat: Aseidu Nketia and Co looted campaign funds- Mahama

2016 Defeat: Aseidu Nketia and Co looted campaign funds- Mahama

September 26, 2018
Fallouts from NDC Demo: Joshua Akamba and Sammy Gyamfi in near blows over GHc 300k Demo cash.

Fallouts from NDC Demo: Joshua Akamba and Sammy Gyamfi in near blows over GHc 300k Demo cash.

January 11, 2020

Supreme Court asked to stop referendum for new regions

0
We will put national security on you – Minister tells DCEs, MCEs involved in galamsey

We will put national security on you – Minister tells DCEs, MCEs involved in galamsey

0
I haven’t endorsed any NDC candidate; Rawlings fumes

I haven’t endorsed any NDC candidate; Rawlings fumes

0

Draw Lessons From Elsewhere To Revamp Banking Sector — Seth Terkper

0
Alban Bagbin had 136 votes, not 138 – NPP’s Deputy Chief Whip clarifies

Alban Bagbin had 136 votes, not 138 – NPP’s Deputy Chief Whip clarifies

January 9, 2021
Mahama subtly jabs Yoo Naa and Mion-Lana at Yaa Na’s Palace

Mahama subtly jabs Yoo Naa and Mion-Lana at Yaa Na’s Palace

August 14, 2020
President re-affirms commitment to revamp economy

President re-affirms commitment to revamp economy

July 27, 2020
President Akufo-Addo and Bawumia are indeed developing Ghana – Nayiri attests

President Akufo-Addo and Bawumia are indeed developing Ghana – Nayiri attests

July 27, 2020

Recent News

Alban Bagbin had 136 votes, not 138 – NPP’s Deputy Chief Whip clarifies

Alban Bagbin had 136 votes, not 138 – NPP’s Deputy Chief Whip clarifies

January 9, 2021
Mahama subtly jabs Yoo Naa and Mion-Lana at Yaa Na’s Palace

Mahama subtly jabs Yoo Naa and Mion-Lana at Yaa Na’s Palace

August 14, 2020
President re-affirms commitment to revamp economy

President re-affirms commitment to revamp economy

July 27, 2020
President Akufo-Addo and Bawumia are indeed developing Ghana – Nayiri attests

President Akufo-Addo and Bawumia are indeed developing Ghana – Nayiri attests

July 27, 2020
JoyNewsRoom

Wherever, Whenever and However, we report to our readers exactly as it happens

Follow Us

Browse by Category

  • Business
  • Entertainment
  • Featured
  • Health
  • Lifestyle
  • Local
  • News
  • Opinion
  • Politics
  • Sports
  • Uncategorized
  • World

Recent News

Alban Bagbin had 136 votes, not 138 – NPP’s Deputy Chief Whip clarifies

Alban Bagbin had 136 votes, not 138 – NPP’s Deputy Chief Whip clarifies

January 9, 2021
Mahama subtly jabs Yoo Naa and Mion-Lana at Yaa Na’s Palace

Mahama subtly jabs Yoo Naa and Mion-Lana at Yaa Na’s Palace

August 14, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2018 JoyNewsRoom Crafted by Creative Consult.

No Result
View All Result
  • Home
  • News
  • Entertainment
  • Politics
  • Local
  • Sports
  • World

© 2018 JoyNewsRoom Crafted by Creative Consult.