The product is a short-term working capital loan package designed to address the needs of Micro-Small, and
Businesses can access up to GHs 600,000.00 with a repayment period of one year without the need to provide the typical collateral as mostly required.
Welcoming guests at the event, Mr ObedHoyah, the General Manager for Retail Business, said "MSMEs continue to face challenges, particularly with access to capital. Locally, the prevailing economic conditions further impact the sustainability of the sector, especially with rising inflation and the depreciation of the
"MSMEs are the heart of the economy, and the Bank will continue to support their growth and development. SG
Speaking at the event, Mr
He said "We pride ourselves in truly understanding the needs of our customers and creating products and services that help solve the practical challenges they are confronted with in their lives and businesses. The launch of this new product which goes with the slogan "no collateral, no problem is one such intervention. Simply come to us, show that you will use the funds for business purposes only and we will support you."
Copyright Ghanaian Times. Distributed by AllAfrica Global Media (allAfrica.com)., source