The National Board for Small Scale Industries, NBSSI, has been urged to quickly come out with modalities required for the disbursement of government’s stimulus package of 600 million cedis meant to support small businesses as the country fights the spread of COVID-19. Government announced that it has set aside 600 million cedis to help sustain …
The President of the Ghana Association of Restructuring and Insolvency Advisers, GARIA, Felix Addo, says the passage of the Corporate Insolvency Bill, 2019, could not have come at a better time than now. According to him, with the outbreak of the novel Coronavirus and its economic impact on businesses, the Bill when assented to, will …
Global payment technology company, Visa, is targeting Small and Medium Enterprises (SMEs) to push its financial inclusion initiatives in Ghana. Country Manager for Visa Ghana, Adoma Peprah, said Visa recognises the important role SMEs play in building an economy, the reason it is focusing on the sector to push its financial inclusion drive. “Visa’s vision …
The Ghana Chamber of Commerce and Industry (GNCCI) has launched a credit union to provide credit facilities to SMEs under flexible payment terms and low-interest rates. Speaking at the launch of the Credit Union, Dr Nana Appiagyei Dankawoso 1 said the move is to give SMEs the wherewithal to remain a force in the African …
Financial institutions will still succeed if they relax the stringent requirement for accessing credit, Chief Business Development Officer of Advans Savings and Loans, Giorgi Samadashvili, has said. Access to credit has been one of the biggest challenges of most small and medium scale enterprises. Apart from the prohibitive interest rates, many financial institutions have a …
Founder of the Urban Entrepreneur Centers of America, Darrel Frater has stated that one of the ways an entrepreneur can become successful is to form a business relationship. According to him, business networking builds a relationship with potential customers and other entrepreneurs for business growth. Darrel Frater was speaking at the maiden edition of the …