The Ghana Commercial Bank (GCB) has organized a specialized workshop aimed at empowering customers in the Micro and Small Enterprises (MSEs) segment of its retail banking department.
The workshop is designed to help MSEs improve their business skills and to give business owners the information and resources needed to thrive in a competitive market.
A session on book and record keeping was designed for the MSEs to emphasize the importance of maintaining accurate financial records for effective business decision-making and growth tracking.
They were introduced to the intricacies of international trade and the benefits of GCB as a financial partner. They were also guided on the necessary procedures and documentation required for cross-border transactions.
Speaking at the event, Mr. Sina Kamagate, Executive Head of Retail at GCB Bank, highlighted the Bank’s dedication to fostering the expansion of small businesses in Ghana.
He also reiterated the Bank’s unwavering dedication to its mandate of supporting the growth of local businesses, especially in overcoming a key challenge of limited access to finance.
“At GCB, our solutions are targeted at addressing the fundamental challenges of the MSME (Medium, Small and Micro Enterprise) sector and to help grow businesses in Ghana,” he added.
During the training session, participants were taken through steps on how businesses could become bankable, highlighting the importance of building a credible financial history and developing sound business plans to access funding opportunities.
They were enlightened on strategies for MSEs to become attractive clients for financial institutions, and also a focus on investment opportunities available for small businesses to grow their capital and secure their financial future.
As part of the day’s programme, KPMG conducted a session on Technology for Trading, highlighting the importance of integrating technology into business operations for efficiency and market expansion.
The session featured digital tools and platforms that MSEs could leverage to streamline their processes and enhance customer engagement.
