Around 3,000 Micro, Small, and Medium Enterprises (MSMEs) in the country are set to undergo training to improve their access to financial services, according to a statement from Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
Despite employing about 85% of the country’s workforce, many MSMEs struggle to access finance due to limited knowledge in areas such as financial management, banking services, pensions, and risk management.
The training, launched under the Private and Financial Sector (PFS) programme and funded by German Cooperation through GIZ, aims to enhance the financial and business management skills of MSME owners across five regions: Accra, Bono, Bono East, Ahafo, and Ashanti.
The initiative will deliver three-day sessions to MSMEs from 15 trade associations, with a focus on women-led businesses and persons with disabilities. Training will cover financial and risk management, equipping participants with practical knowledge to improve cash flow, manage risks, and access financing from banks.
GIZ said the programme is designed based on a needs assessment within the trade associations, ensuring content addresses specific challenges faced by MSMEs. The statement added that the training is expected to help participants make better financial decisions, leading to greater access to financial products and services tailored to their needs.
“This initiative is a significant step toward empowering MSMEs in Ghana, helping them overcome financial barriers and achieve sustainable growth,” the statement said.
