As part of its commitment to enhancing the operational capacities of SME enterprises through the provision of regular business advising support, Prudential Bank organised two seminars for Small and Medium Enterprises (SMEs) in Accra and Kumasi.
Many SME business owners attended the programmes, which had as their theme "Managing SME Business in Difficult Times."
Speaking at the event, the Bank's Head of Commercial Banking, Frederick Adomako-Ansah, explained that the goal of the training was to increase SME enterprises' capacity for carrying out appropriate strategies to enable them in navigating the current economic difficulties.
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He emphasised the vital role that SMEs have played in the economic development of the nation and the necessity for stakeholders to sustainably foster an environment that supports business growth.
Professor Godfred Bokpin, a senior lecturer at the University of Ghana Business School, Leopold Armah, the head of the department of digital transformation, and Joseph Baah, the head of the department of credit appraisal, were among the other presenters at the seminar.
Speaking on the topic of "Leveraging the Lessons from COVID-19, Russia-Ukraine, and Current Economic Challenges for Business Growth in Ghana," Professor Bokpin pleaded with SMEs to keep an eye out for and fully exploit business opportunities that were always present but difficult to recognise during trying economic times.
Mr. Armah, Head of the Bank's Digital Transformation Department, guided participants through the digital ecosystem and highlighted important digital products designed to boost operational efficiency.
The attendees were guided through the topic of "Effective credit facility and working capital management" by the head of the bank's credit appraisal division, Mr. Baah, who also provided advice on how to manage and leverage credit facilities to promote business development and growth.
Participants in the programme also had the chance to speak with top bank executives and offer insightful criticism of the bank's goods and services.
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Prudential Bank builds capacity of SME customers.
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