• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

3000 MSMEs To Benefit from Training to Improve their Access to Financial Services

10 months ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
80
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

3000 MSMEs To Benefit from Training to Improve their Access to Financial Services

Despite employing approximately 85% of Ghana’s workforce, Micro, Small, and Medium Enterprises (MSMEs) face significant challenges in accessing finance.

Many MSMEs in Ghana struggle due to their limited knowledge and understanding in key areas such as financial management, banking services, pensions and retirement planning, and risk management and insurance.

These gaps hinder their ability to access financial services, limiting their business growth potential. To bridge this knowledge gab, the Support to Private and Financial Sector (PFS) Programme has launched the Access to Finance Training initiative, targeting 3000 MSMEs across five selected regions in Ghana, Accra, Bono, Bono East, Ahafo and Ashanti.

Funded by the German Cooperation through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, this initiative aims to enhance the financial and business management skills of MSME owners and managers.

By improving their understanding of financial management and risk management, the programme equips them with the knowledge and tools necessary for effective enterprise management and increased ability to access financial services.

The three-day training sessions will reach MSMEs from 15 selected trade associations in Ghana, with a special focus on women-led businesses and persons with disabilities. These sessions are designed to provide entrepreneurs with practical experience in financial and risk Management.

RelatedPosts

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

GAB Projects Drop in Lending Rates Starting August 6 Following BoG’s 300bps Policy Rate Cut

Local Bourse Rallies Strongly as GSE-CI Hits Near 7,000 Mark

The training topics were carefully chosen based on a detailed needs assessment conducted within these trade associations, ensuring that the content is tailored to address their specific challenges.

At the end of the training programme, it is expected that beneficiary MSMEs will have improved their capacity to manage their business well, improved their cash flow management, and are able to secure financing from financial institutions.

The training will also empower the MSMEs to make more informed financial decisions and improve their access to financial products.

At GIZ, our goal is for MSMEs to make informed financial decisions that will enable them to access financial services. To complement these trainings, The PFS programme has also partnered with financial service providers to develop tailored financial products and services that will benefit these MSMEs.

The training will equip them to access and effectively utilize these products and services when developed.

This initiative is a significant step toward empowering MSMEs in Ghana, helping them to overcome financial barriers and achieve sustainable growth.

By the end of the programme, the participating businesses are expected to not only enhance their financial literacy but also significantly improve their access to the financial resources needed to grow their businesses and create more employment opportunities.

Tags: 3000 MSMEs3000 MSMEs To Benefit from Training to Improve their Access to Financial ServicesFinancial Services

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Treasury Exceeds Auction Target of GHS 3.86 Billion Amid Tightening Yields

BoG Raises GHS 15.38 Billion via 56-Day Bills to Reinforce Tight Monetary Policy Stance

Passage of Competition Law Key to Tackling DSTV’s Market Dominance – CUTS International

Why Are Interest Rates Still High? The MPR vs Market Rates Debate

Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help

Nigeria’s EV Market is in Vogue as Foreign Investment Pours in

Trending

Business

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

August 4, 2025

The Perils of Market Interventionism: When Political Pressures Threatens Ghana's Economic Gains - The Way Forward Ghana’s...

GAB Projects Drop in Lending Rates Starting August 6 Following BoG’s 300bps Policy Rate Cut

August 4, 2025

Local Bourse Rallies Strongly as GSE-CI Hits Near 7,000 Mark

August 4, 2025

Treasury Exceeds Auction Target of GHS 3.86 Billion Amid Tightening Yields

August 4, 2025

BoG Raises GHS 15.38 Billion via 56-Day Bills to Reinforce Tight Monetary Policy Stance

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.