Industry players and Stakeholders at the MTN Ghana Business
Executive Breakfast series have made significant commitments to address the
critical issue of credit gap for Small and Medium Enterprises (SMEs) in the
country.
They highlighted the major challenge facing SMEs in
accessing credits and presenting strategies to overcome these obstacles.
The Chief Executive Officer of MTN Ghana, Stephen Blewett,
expressed optimism about a potential credit revolution driven by the country’s
thriving fintech ecosystem, despite Ghana’s high interest rates compared to
other key African economies.
“Bridging the credit risk gap for SMEs in Ghana is the role
of the ecosystem stakeholders and the part we all play. Despite these barriers,
Ghana is on the verge of a potential credit revolution propelled by a promising
tech ecosystem.”
The panellists at the event expressed their commitment to
bridging the credit risk gap for SMEs through various strategies and
initiatives.
Kosi Yankey-Ayeh, the Chief Executive Officer of the Ghana
Enterprise Agency, pledged to strengthen associations and collaborate with
technology providers to support SMEs more effectively.
She also announced the imminent launch of an SME fund aimed
at bolstering financial support for SMEs through technological integration and
strengthened associations.
“It’s been quite clear that the Current Minister of Finance
has been speaking about the SME fund. In our act, we are supposed to set up the
MSME fund there’s a direction and there’s work, which is far advanced the
actually get the fund rolling by next month.”
Shaibu Haruna, the Chief Executive Officer of Mobile Money
Limited, is also committed to developing digital solutions to ensure
integration across the entire value chain, supporting SME transactions and
enhancing financial inclusion through digital payment channels.
“It’s been quite clear that the Current Minister of Finance
has been speaking about the SME fund. In our act, we are supposed to set up
MSME fund there’s a direction and there’s work, which is far advanced the
actually get the fund rolling by next month.”
The Chief Enterprise Business Officer at MTN, Angela
Mensah-Poku, also emphasised MTN’s dedication to supporting SMEs through
practical solutions.
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