Skip to main content

Stanbic Bank, PrymeAds support SME competitiveness in evolving market

 Stanbic Bank Ghana has strengthened its support for small and medium-sized enterprises (SMEs) with the launch of a practical digital skills training programme designed to help businesses expand their reach and remain competitive in an increasingly digital economy.

Delivered in partnership with PrymeAds and facilitated through the Stanbic Business Incubator, the initiative brings together entrepreneurs, industry experts, and business development consultants to build capacity in critical areas such as digital marketing, content creation, direct marketing, and data analytics.

Speaking at the opening session, the Head of Business Development at Stanbic Bank Ghana, Safoa Appietu-Ankrah, highlighted the urgency for SMEs to embrace digital transformation, noting that it is no longer optional but essential for business survival and growth.

She explained that the Bank’s ongoing engagement with businesses nationwide, particularly through its Stanbic SME Clinics has consistently revealed a growing demand for hands-on digital skills. Many entrepreneurs, she noted, are eager to expand their online presence but lack the practical expertise needed to do so responsibly and effectively.

In today’s rapidly evolving business environment, digital transformation is no longer optional; it is essential. Businesses must be equipped to connect, compete, and grow in a digital-first economy,” she said.

The training programme, she added, forms part of Stanbic Bank’s broader quarterly interventions aimed at responding to the evolving needs of SMEs. By prioritising practical learning, the Bank seeks to bridge the gap between theory and real-world application, enabling participants to build stronger digital brands and deepen customer engagement.

Stanbic Bank, PrymeAds, SME
Safoa Appietu-Ankrah, Head of Business Development at Stanbic Bank Ghana, Business and Commercial Banking, Stanbic Bank Ghana

The initiative comes at a time when Ghana’s MSME sector faces increasing pressure to adapt to changing consumer behaviour, particularly the increased reliance on online platforms for trade and services. For many small businesses, especially those operating in retail, agriculture, and light manufacturing, digital visibility has become a critical driver of growth and market access.

 Safoa Appietu-Ankrah noted that Stanbic Bank views digital transformation not only as a strategic banking priority but also as a key driver of long-term sustainability for its clients. She emphasised that equipping MSMEs with the right digital tools ultimately strengthen the broader economy by improving productivity, resilience, and competitiveness.

Inclusivity remains a central focus of the programme, particularly for women- and youth-led enterprises. The Bank acknowledged that many women entrepreneurs continue to face structural barriers, including limited access to skills, networks, and growth opportunities.

Through targeted initiatives such as the digital skills training programme, Stanbic Bank is actively working to close these gaps by creating pathways for women entrepreneurs to enhance their digital presence and scale their businesses with confidence.

At the Stanbic Business Incubator, we remain intentional about fostering innovation, digital transformation, and inclusive growth, particularly for women- and youth-led enterprises,” she stated.

Beyond the training sessions, Stanbic Bank is positioning its Business Incubator as a long-term support hub for entrepreneurs. Participants were encouraged to leverage the facility’s free workspace and access advisory support from business development consultants to aid onboarding and business growth.

 

 

 

 

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...