GCB Bank PLC has reaffirmed its commitment to support small and medium enterprises (SMEs) as they navigate their digital transformation journeys.
This pledge was made during the GCB SME capacity building seminar held in Accra, where key insights and strategies were shared to help SMEs thrive in today’s fast-paced and competitive business environment.
Kofi Adomakoh, the Managing Director of GCB Bank, emphasized that digital transformation is not merely a trend but a crucial requirement for businesses aiming to succeed. “Leveraging digital tools can help you better understand and serve your customers, improving satisfaction and loyalty,” Mr Adomakoh stated.
Mr Adomakoh further highlighted the significant role of digital marketing and online sales platforms in enabling SMEs to reach a broader audience both locally and globally. By using digital tools, businesses can gain valuable insights and analytics that inform strategic decisions, ultimately driving growth and competitiveness.
GCB Bank PLC is committed to sensitizing small and medium-scale enterprises across various regions about the importance and benefits of digital transformation. This initiative was a key focus at the bank’s inaugural commercial banking capacity building seminar in Accra, themed “Empowering Growth, and Optimizing People and Resources for the Digital Era.” The seminar was aimed to impart the necessary knowledge and confidence to SME owners, empowering them to drive transformation within their businesses effectively.
Empowering Growth Through Knowledge
Linus Kumi, the Director of Corporate Banking at GCB Bank, reiterated the bank’s dedication to supporting the growth and success of SMEs across the country. The seminar provided a platform for SMEs to learn from experts and gain insights into leveraging digital tools for business growth. This educational approach is part of GCB Bank’s broader strategy to equip SMEs with the skills and knowledge needed to thrive in the digital age.
Maxwell Ampong, the CEO of Maxwell Investments Group, highlighted the transformative impact of artificial intelligence (AI) and machine learning on SME operations. “AI and machine learning are transforming how SMEs operate by automating processes, enhancing customer experiences, and providing valuable insights,” Ampong noted.
The CEO of Maxwell Investments Group provided practical examples, such as the use of AI-driven chatbots in the retail sector. These chatbots can offer 24/7 customer support, handle common queries, and personalize shopping experiences, leading to increased customer satisfaction and loyalty.
Mr Ampong cited specific instances where SMEs can benefit from AI solutions. For example, an SME in the retail sector can deploy AI-driven chatbots to provide round-the-clock customer support, manage frequent inquiries, and tailor shopping experiences to individual customers. Such applications not only enhance customer service but also free up valuable time for SME owners to focus on other critical aspects of their business.
By providing the necessary support, education, and tools, GCB Bank is helping SMEs harness the power of digital technology to drive their success. As SMEs embrace digital transformation, they can expect improved customer satisfaction, increased loyalty, and more informed strategic decisions, positioning them for sustained growth in an increasingly digital world.
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