CalBank supports women-owned businesses in Ghana to participate in foreign trade

CalBank Plc is on a campaign to encourage more women-owned businesses in Ghana to participate in foreign trade.

Women-owned businesses constitute 44% percent of Ghana’s economy but remain largely uncompetitive on the global stage.

However, Head of Women’s Banking, Portia Manu-Boafo believes the narrative could change if they receive the necessary support.

“Most Ghanaian women are involved in trading. They are either buying from Turkey, Dubai or China. They need support. CalBank has identified suppliers and manufacturers within these regions. We are bringing our local women business owners to meet with them, tour their factories and facilitate transactions”, Manu-Boafo told JoyBusiness at the CalBank Trade Summit.

Head of Women’s Banking at CalBank, Portia Manu-Boafo

The Trade Summit held in two cities Istanbul, Turkey and Dubai, UAE is an initiative of CalBank’s Women’s Banking Unit aimed at giving women entrepreneurs the opportunity to network, access market opportunities and move their businesses to the next level.

Nightingale Esi Whyte, owner of NightWhyte Ventures, a mobile phones and accessories dealer, is among several women attending the Summit. She acknowledges business trends are changing globally.

Whyte added, “Embarking on this trip to Istanbul and Dubai is giving me opportunity to meet potential investors, learn new things and get new ideas for business”.

The engagements build on previous B2B successes, which have helped Ghanaian businesses secure international contracts and partnerships.

“We are excited about the feedback we are getting from these women entrepreneurs”, Manu-Boafo said while highlighting various financing products introduced by the CalBank to support them, including Obaapa Loan and She Rise business account. .

The Women’s Banking Unit provides digital solutions, uniquely and creatively designed to meet the financial needs of women and women entrepreneurs – offering concessionary rates, flexible collateral arrangements and a quick turnaround time.

To address the many challenges that women entrepreneurs face, CalBank PLC established the Women’s Banking Unit (WBU) in November 2018 with the core mandate of identifying, developing, and promoting women-owned and women-led businesses.

Comments

US-Based Doctor Supports Weija Leprosarium, Underprivileged Children In Ankaase With Cash & Food Items

In a remarkable display of philanthropy, US-based medical practitioner, Dr. Kofi Kyei Sarfo, and the Sarfo family have made significant donations to support vulnerable communities in Ghana. During his visit to Ghana for the Christmas and New Year festivities, Dr. Sarfo and his family donated assorted food items and $5,000 to the Weija Leprosarium in Accra. This generous act aims to improve the lives of the inmates and support the tireless efforts of Rev. Father Andrew Campbell, founder of the Lepers Aid Committee. The donation to the Weija Leprosarium is a testament to Dr. Sarfo's commitment to giving back to his community. He praised Rev. Father Andrew Campbell for his selfless work in integrating cured lepers into society, emphasizing the need for continued support to ensure the well-being of the inmates. Dr. Sarfo encouraged others to follow in his footsteps, stating that every donation, no matter how small, can make a significant difference in the lives of the inmates. The don...

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Mfantsiman Girls to Host 65th Speech & Prize-Giving Day

Mfantsiman Girls Senior High School is set to host the 65th Speech and Prize-giving Day and Homecoming from 14th to 16th March at Saltpond in the Central region. This year’s Speech and Prize-giving day is being hosted by the 2000-year group, and over 5000 old girls and students of Mfantsiman Girls are expected to attend the programme. Under the theme, ‘Leveraging New Media Technology to Optimize Girl Child Education,’ the event will emphasize the importance of harnessing technology to address the unique challenges faced by girls in accessing quality education, particularly in marginalized communities. By leveraging new media technology, we can create inclusive, interactive, and engaging learning environments that empower girls to reach their full potential. The theme will also serve as a call to action, encouraging students, educators, and stakeholders to explore innovative ways to integrate technology into girl child education, ultimately driving positive change and promoting a...

Kofi Ahovi

Search This Blog