Development Bank Ghana (DBG) in partnership with the Ghana National Chamber of Commerce and Industry (GNCCI) is undertaking the first phase of a capacity-building workshop targeted at 1,000 SMEs throughout the country.
This initiative forms part of DBG’s commitment to foster strong partnerships to build capacity for SMEs.
The programme has been designed for SMEs to build knowledge on the various business areas that will enhance their ability to access funding from DBG’s partner financial institutions (PFIs) as well as build sustainable businesses.
The maiden edition held in Accra a fortnight ago, hosted a total of 94 participating SMEs whose businesses are spread across DBG’s primary focus sectors; agribusiness, information technology, manufacturing, and high-value services. Within these sectors, women and youth-led businesses form an important part of DBG’s focus.
At the event, Deputy CEO, Michael Mensah-Baah, reiterated the bank’s commitment to being an integral part of the solution to foster SME growth in the economy. This he said, was pivotal to the success of Ghana’s economic growth.
In another statement, Clement Osei-Amoako, President of the Chamber said the skills development programme is to provide 1000 MSMEs with the requisite skills to scale-up their business operations and de-risk them to better access long-term capital.
In Koforidua, where the second workshop in the series recently took place, a total of 100 SMEs within the locality were invited. More than 30% of these were women-owned businesses.
The participants who attended these workshops were taken through various business topics by experienced resource persons in risk management, environmental and social governance (ESG), financial management and entrepreneurship.
ESG practices require a holistic evaluation of a business to determine how it serves its internal and external stakeholders and the environment where it has influence. Participants were exposed to the benefits of adopting ESG frameworks and sustainability practices in their businesses.
The joint business skills development programme is under the theme “Empowering SMEs with the requisite business skills for sustainable growth and resilience”.
The regional workshops look to develop and reinforce the business skills of Ghana’s private sector to improve their commercial operations to become more competitive. The next set of workshops comes off in Tarkwa, Takoradi and Cape Coast on the 13th, 15th, and 20th of September 2022 respectively.
DBG employs a wholesale banking model where it provides funding to eligible financial institutions to on-lend to Ghanaian businesses in targeted industry sectors. DBG does not lend directly to SMEs but leverages on the networks and existing infrastructure of its partner financial institutions to provide financing to the private sector.
DBG also adopts a partnership approach to provide business advisory services and training to SMEs.
The Ghana National Chamber of Commerce and Industry is an association of business operators, firms, and industries established under the Legislative Instrument (611 of 1968; Act 232) with the prime responsibility of promoting and protecting commercial and industrial interests in Ghana.
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