Fintech Company, Eban Capital, has signed a Memorandum of Understanding with the Association of Small Scale Industries (ASSI) on digitisation project for 58 tade associations.

The MoU will facilitate the digitisation of operations and activities of the Micro, Small and Medium Enterprises across the country.

The project will see to the development of database for MSMEs with operational enterprise resource planning, whilst linking them to mainstream financial services ecosystem.

The platform developed by Eban Capital will also provide an end to end automation of MSMEs activities including business registration, e-commerce, access to banking and insurance services, professional services.

Speaking to Joy Business, Managing Director of Eban Capital, Jim Sewornu Amegah, said digitising these small scale industries will bring conveniences to their businesses.

"Digitisation is a necessity going forward. Being a Fintech company we take you through the solution and how it is going to support these MSMEs. We realised that the MSMEs were not regulated properly, so we put in structures to help their services”, he said.

President of the Association of small scale industries, Alhaji Saeed Moomen, welcomed the move.

He also entreated the Registrar General's Department to have proper frameworks to help the informal sector.

"This MoU is something we have been yearning for since I came into office in 2016. It’s a good initiative for the informal sector. I am suggesting that the Registrar General’s Department create a desk to ease pressure on those in the informal sector"

This is a pan African platform to facilitate trade and enhance the operational capacity of MSMEs, associations and groups in general.

ASSI is the umbrella body of some 58 trade Associations with active membership of three million Ghanaians.