United Bank for Africa (UBA) Ghana has organized its second in a series for 2022 Small Medium Enterprises (SMEs) capacity building.
The program which took place in Kumasi, at the Sunset Hotel was with the initiative of reaffirming the bank’s purpose to equip SMEs in the country with financial advisory services and requisite knowledge to expand their business.
Speaking on the theme ‘Maximising SME Business growth opportunities in Ghana’, Sylvia Inkoom, the Deputy Managing Director – UBA Ghana, disclosed that, the bank had put in much effort to arrange these annual workshops to offer customers the real opportunities, knowledge and relevant tips needed to manage and grow their businesses.
“When your businesses grow, we grow with you, and when you are out of business, invariably we are also. Therefore, we have an interest in your business growth.”
Mrs. Sylvia Inkoom
Mrs. Sylvia Inkoom further mentioned that, UBA is doing its maximum best to provide access to market opportunities for customers through various interventions.
The Chief Executive Officer for Naton Olives Consult, Owusu Achiaw Kwaakye, who was the main speaker for this year’s 2022 SME capacity building, during his speech re-echoed the theme as ‘Scaling up your business growth through access to the new markets’ through various areas including ‘Identifying and Assessing Market Opportunities’
Adopt The Habit Of Record Keeping – Peter Dery
Peter Dery, Head-Retail Banking at UBA, urged customers and participants of the program to improve their record-keeping culture in order to receive support from the bank.
According to him, keeping detailed records of the monetary value of business transactions was one of the easiest ways banks could determine the true value of a customer’s businesses.
Not limited to that, he also disclosed that, keeping a good record of one’s business helps to monitor the progress of the business, prevent fraud or theft, manage cash flow, take business decisions, save time and cost, and as well prevents loopholes and oversight.
Hence, Customers who keep good records of their business transactions have easy access to credit facilities by banks, he added.
Mr. Dery pledged that, UBA will continue to support customers with great business solutions, add to the capacity building workshops and SME clinics, to properly diagnose their peculiar difficulties and help to overcome them as they grow their businesses.
To end the program, a participant shared his feedback on how effective the program was and the knowledge gained.
“I have learnt a lot today from this workshop and the speakers. I have gained so much information, and I’m also happy that I got the opportunity to connect with other SMEs who attended this workshop”.
A participant at the 2022 UBA SME workshop
