Pulse.com.gh logo
Go


Effectiveness Give SMEs chance to compete – Access Bank MD

  • Published:
Dolapo Ogundimu, Access Bank MD play

Dolapo Ogundimu, Access Bank MD

Particularly, he said SMEs owned by women should be recognised and assisted, else their economic potential that would not be realised.

The Managing Director of the Access Bank Ghana, Mr Dolapo Ogundimu, has said small and medium scale enterprises (SMEs) should be given the needed attention to enable them to compete effectively on the global market.

Particularly, he said SMEs owned by women should be recognised and assisted, else their economic potential that would not be realised.

Speaking at the “Power Breakfast Series” (PBS) workshop for women entrepreneurs in Accra, he said although the private sector was dominated by SMEs which were touted as the engine of Ghana’s economic growth, they faced challenges with financial support, operational skills and access to markets that could help them expand their operations.

Thus, he said, the bank last year instituted PBS to enhance the operational efficiency of SMEs.

“It is also to empower them with the skills to improve the management of their businesses,” he said.

Twenty-five women engaged in the SME sector participated in the workshop which was organised by Access Bank in partnership with the International Finance Corporation (IFC).

The workshop was a continuation of its financial inclusion strategy that seeks to promote economic empowerment, and was under the theme, “Financial Strengthening for Women in SMEs.”

Participants for the workshop were trained in basic financial modules such as Business Financing, Book keeping and cash flow management, among others.

The Managing Director, FC Group of Companies, Mrs Grace Amey-Obeng, said the growth of any business to a large extent would depend on how well it managed its financial resources.

She said that by keeping good records operators would know where the business stood financially and what potential challenges it would be facing, so that they could devise strategies to overcome the obstacles that could prevent the businesses from being successful.

Credit: Graphic.com.gh

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Incompetence Otabil wasn't qualified to be Capital Bank Board Chairman...bullet
3 Breaking Otabil finally breaks silence on banking controversiesbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Education Top 5 private high schools in Ghana according to WAECbullet
6 Banking In Ghana Stranded customers of First Allied Savings &...bullet
7 Nana Appiah Mensah Menzgold CEO invited by EOCObullet
8 $100K Saga Presidency denies having knowledge of $100,000...bullet
9 Collapsed Banks Here are the auditing firms for the 7...bullet
10 Tax Policy Gov't weighs in on controversial MoMo taxbullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Former Capital Bank staff grills pork for survivalbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 Support Finance minister buys Kantanka carbullet
8 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
9 Tech 6 reasons you should buy an iPhone SE instead of...bullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business