Sunday, June 29, 2025
NewsCenta
  • Monday, June 23, 2025 Newspaper Headlines
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
  • Monday, June 23, 2025 Newspaper Headlines
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
No Result
View All Result

Bank of Africa equips SMEs in Kumasi

Bank of Africa equips SMEs in Kumasi

admin by admin
June 1, 2025
in Local, News
0
Bank of Africa equips SMEs

Bank of Africa equips SMEs

Share on FacebookShare on Twitter

Bank of Africa, Ghana a member of the BMCE Group upholds its commitment to boost economic development in Ghana by empowering up to 1,000 Small and Medium Enterprises through training and support services.

Bank of Africa is strategically positioned to provide crucial support to the many SMEs who are unable to meet the requirements of financial institutions.

You might also like

NDC Ashie-Moore Singaporean

I gave $1.5m to NDC campaign via Ashie-Moore — Singaporean

June 28, 2025
Climate Ecobank plant

Climate change: Ecobank Ghana to plant 2,500 trees

June 28, 2025

In Kumasi, Customers of the Bank and prospects were offered a free two-day seminar.

This intensive financial training predominantly engaged women entrepreneurs and brought together stakeholders from diverse business backgrounds within the SME sector.

The seminar was strategically designed to address key challenges facing SMEs in today’s dynamic economic landscape and offered actionable opportunities to mitigate these challenges.

Participants were taken through financial management skills, positioning for access to funding, profitability improvement, amongst general business management skills.

The sessions were led by very interactive and insightful facilitators.

In his opening remarks, Managing Director for Bank of Africa Ghana, Mr. Abderrahmane Belbachir emphasised the vital role of SMEs in driving economic growth and in bridging the unemployment gap.

He urged participants to capitalize on the training to enhance their capabilities, improve their financial management skills to be better prepared to access credit facilities from the Bank and ultimately boost their growth and profitability.

“While we understand that access to capital is vital, we also believe that sustained business success requires strategic know-how. To this end, our programme is designed to equip you with actionable skills and knowledge,” he said.

Participants engaged in focused group sessions aimed at providing practical insights into key areas for SME success.

These interactive sessions fostered a collaborative learning environment where participants actively engaged with facilitators through questions and shared experiences, facilitating valuable networking opportunities.

The training exposed existing and prospective customers of BOA to effective strategies for boosting profitability, optimising cash flow, implementing effective working capital management, and leveraging the power of savings and investments.

These practical modules are designed to equip businesses with the skill- set required to navigate the complexities of entrepreneurship and unlock their full potential.

Mr. Charles Oteng, Head of SMEs at Bank of Africa, noted that, “even though some SMEs merit loan facilities, their inability to keep records in a scientific way or poor documentation makes it difficult for banks to support them. However, through this training, we expect that the businesses will now be better prepared to approach the banks for credit facilities,”

In August 2024, the maiden edition of Bank of Africa’s SME seminar was held in Accra, with a special focus on women-led businesses and sustainable ventures.

Meanwhile, as part of measures to complement Ghana’s agenda to promote women-led businesses, the Bank is set to introduce a women’s banking desk at its various branches across Ghana.

Mrs. Leila Pentsil, Head of Marketing and Corporate Communications, underscored the bank’s commitment to empowering local women entrepreneurs.

“We are urging women to Dare to Aspire. We are giving more opportunities to access facilities, information, and training with the bank. We are also building a deeper relationship with these women-led businesses. When women lead, it is strong and resilient; thus, we are happy to host and support them,” she said.

Additionally, the bank reiterated its commitments to supporting business growth through competitive interest rates on loan facilities, efficient transfer services, digital banking solutions such as the BOAWeb, BMobile and other tailored financial solutions.

22nd Annual Ashanti Awards

Bank of Africa’s significant contribution to economic and sustainable development, coupled with its pursuit of excellence, was recently recognised with a Gold Award in Universal Banking at the Ashanti Financial Services Excellence Awards held in Kumasi as part of the activities marking the Asantehene’s 75th birthday celebrations.

Post Views: 73
Tags: Ashanti RegionBank of AfricaKumasi
admin

admin

Related Stories

NDC Ashie-Moore Singaporean

I gave $1.5m to NDC campaign via Ashie-Moore — Singaporean

by NewsCenta
June 28, 2025
0

A Singaporean businessman, Toh You Kang, has dropped a bombshell in court filings, alleging that he invested $1.5 million in...

Climate Ecobank plant

Climate change: Ecobank Ghana to plant 2,500 trees

by Selorm Gborbidzi
June 28, 2025
0

Ecobank Ghana, in collaboration with the Forestry Commission, has launched a regional tree planting campaign to plant about 2,500 seedlings...

Toh You Kang, Ashie Moore, $3m, Ghana Police Service, Singaporean,

Singaporean alleges assault, extortion by Ashie-Moore

by NewsCenta
June 28, 2025
0

A Singaporean businessman, Toh You Kang, has recounted what he describes as a terrifying ordeal allegedly orchestrated by Ghanaian politician...

Torkornoo apologise Mahama

Apologise for disrespecting Mahama — Torkornoo told

by Kojo Emmanuel
June 28, 2025
0

Renowned legal luminary and former Director of the Ghana School of Law, Kwaku Ansah-Asare, has called on the suspended Chief...

Recommended

Kwesi, Tawiah-Benjamin

The NPP’s problem is how intellectually attractive the NDC has become

June 28, 2025
NDC Ashie-Moore Singaporean

I gave $1.5m to NDC campaign via Ashie-Moore — Singaporean

June 28, 2025
MTN UNDP MSME

MTN Ghana, govt, UNDP commit to MSME transformation

June 28, 2025

Popular Story

  • Causes death men

    10 of top 11 causes of death killing more men in Ghana

    687 shares
    Share 275 Tweet 172
  • Bissue floors High Court and OSP at Supreme Court

    686 shares
    Share 274 Tweet 172
  • Monday, May 26, 2025 Newspaper Headlines

    663 shares
    Share 265 Tweet 166
  • Tuesday, June 10, 2025 Newspaper Headlines

    657 shares
    Share 263 Tweet 164
  • Monday, June 9, 2025 Newspaper Headlines

    638 shares
    Share 255 Tweet 160
NewsCenta

Newscenta is a Ghana-based news organisation publishing in print (The Newscenta Newspaper) and on a digital media platform (newscenta.com) dedicated to delivering timely and impactful news across various sectors, including politics, business, economy, technology, and culture.

  • About NewsCenta
  • Contact Us
  • Privacy Policy
  • Terms of Use

© 2025 All Rights Reserved NewsCenta.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Monday, June 23, 2025 Newspaper Headlines
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Newspaper Headlines
  • Business
  • Agriculture
  • Education
  • Sports
  • Tech
  • Opinion

© 2025 All Rights Reserved NewsCenta.

Connect with us