Absa Bank Ghana has unveiled an ambitious proposition known as “Absa StartUp Banking.”
This is a new initiative that will support the grooming and growth of Ghanaian-owned start-ups with solutions that will bring their possibilities to life.
The Absa StartUp Banking initiative, which was launched in Accra July 6, will see the bank provide start-up businesses with clear- cut and tailor-made solutions and support in key areas of Market Access, Mentorship, Visibility, among others.
The Bank in their bid to alleviate some of the financial burden, characteristic of Start-ups, is also offering free banking services such as zero commission on turnover (COT), free cheque books, free transfers and free debit card printing to start-ups.
Speaking at the virtual launch, Abena Osei-Poku, the Managing Director of Absa Bank Ghana said “As a passionate, bold and forward-looking bank, Absa is committed to helping entrepreneurs to scale up their businesses by connecting their dreams to financial services and opportunities.
"We are excited and motivated to do this because of our social commitment to be a Force for Good in society.”
Mrs. Osei-Poku added “We have the opportunity to help and build start-up businesses to become multinational companies. Absa has supported the development of Ghana over the past 100 years and this is another opportunity for the bank to reinforce its commitment to ensure economic development, growth and transformation.”
In his remarks, the Deputy Minister of Finance, Hon. Charles Adu Boahen commended Absa for launching such a courageous initiative at the time when there is global uncertainty.
“This solution from Absa is not just only an important addition and enabler in our agenda towards building a strong economy for jobs and prosperity, it is also a courageous move, particularly at a time when the entire globe has been thrown into a state of uncertainty”.
“With over 100,000 students graduating from our tertiary institutions annually, it is fundamental that all key stakeholders provide support in creating an enabling environment that supports entrepreneurship, lowers the barriers of entry and leads to job creation,” he added.
“Over the last couple of years, the consistency with which Absa has shown commitment in supporting new businesses and the SME sector has been impressive.”
Starting a business can be daunting and Absa, through its StartUp Banking initiative, is calling on Ghanaians to encourage and support start-ups as well as young people with business ideas, so they can thrive and grow their business.
The Absa StartUp Banking is open to young Ghanaian businesses registered for less than three years and engaged in production of local goods and services.
The initiative is designed to equip start-up businesses with relevant business skills, knowledge and opportunities to scale up.
Latest Stories
-
Hopeson Adorye to form ‘Jail Them’ advocacy group
1 hour -
Shatta Wale once cried and knelt to apologise to Mahama – Dr Lawrence Tetteh
1 hour -
Former UK Prime Minister Boris Johnson turned away from polling station after forgetting photo ID
1 hour -
Nigeria soldiers face trial for deadly air strike ‘mistake’
1 hour -
Akufo-Addo, Otumfuo to commission Kumasi International Airport on May 10
1 hour -
PWDs who gain admission into tertiary institutions will be prioritised with government scholarships – Bawumia
1 hour -
Strongman regrets involving Fella Makafui in Medikal feud
1 hour -
NPP must unite now or perish later – Ameyaw-Akumfi warns
1 hour -
Fuel price adjustment: petrol surges to GH₵15.22, diesel falls to GH₵14.65
2 hours -
Kojo Golden nominated for Afrobeat Artiste of the Year at Ghana Music Awards USA
2 hours -
Ford Foundation partners foster collaborative solutions for host Community Development Trusts implementation in Nigeria
2 hours -
Appiatse reconstruction: Support Bawumia to do more for Ghana – Richard Ahiagbah to Ghanaians
2 hours -
I wanted Harry Kane at Man United – Ten Hag
2 hours -
Ayorkumi: Stage play on slave trade premieres on May 11
2 hours -
Majority defends GRA-SML deal, insists no wrong was done
2 hours