Saving and loans firm Women’s World Bank says it is committing some 20 million Ghana cedis this year to support small and medium sized businesses. The amount is more than double the 8.6 million Ghana cedis it disbursed to the sector last year. The funds according to officials will be geared more towards supporting businesses in the retail trade. Chief Executive Moses Banda told Joy Business the Fund had in the past implemented what he called the wrong strategies – lending huge sums as loans which was a deviation from the core mandate of the fund. That, he said, created a situation where the company still has huge sums that are yet to be recovered from borrowers. He added the company is also shifting more towards technology driven products as part of the new strategy. Source: Joy News/Ghana