Accra, Feb. 19, GNA – Absa Bank Ghana is rolling out a series of financial literacy clinics to equip small and medium-sized enterprises (SMEs) owners with essential financial management skills to enhance business growth.
The initiative, aimed at deepening financial inclusion, provides SMEs with the knowledge needed to make informed financial decisions, improve cash flow management, and adopt sustainable business practices.
This was announced in a press release, issued to the Ghana News Agency in Accra, on Wednesday.
The sessions bring together experienced business leaders to share insights and recommendations that address common challenges in the SME sector.
“In addition to the SME Business Clinics, Absa continues to support small and medium enterprises with convenient financing options such as the SME Loan @10% per annum,” the release said.
According to Audrey Abakah, Director of SME and Partnerships at Absa Bank Ghana: “Absa Bank is committed to guiding Ghana’s SMEs to become even more resilient and profitable – the upcoming clinics have been crafted to equip them with new skills and resources they can use to address evolving market challenges.”
Entrepreneurs attending previous clinics have praised the clear, actionable advice. “Absa’s SME Business Clinic has provided me with a clear strategy to reimagine my operations,” said one attendee, a logistics entrepreneur based in Kumasi, during the last session of 2024. “I now understand how to measure growth beyond revenue and I’m eager to implement these strategies immediately.”
Participants received guidance on bookkeeping, investment strategies, risk management, and access to credit facilities.
Industry experts facilitated interactive sessions, providing practical insights on improving financial resilience.
Several SME owners lauded the initiative, describing it as timely and impactful.
Absa Bank Ghana has pledged to extend these financial literacy clinics to other regions, from March, ensuring that more SMEs benefit from the programme.
It will feature themes that range from financial planning to digital marketing, all designed to help business owners stay competitive, the release added.
GNA