Societe Generale Ghana (SG Ghana) has reaffirmed its dedication to supporting Ghanaian companies by internet hosting an SME workshop beneath the theme “Revolutionary SG Banking Merchandise – Financing with or with out Safety.”
The workshop was held at Western Serene Atlantic Lodge, Takoradi. The occasion introduced collectively over 50 small and medium-sized enterprises (SMEs), together with 18 women-led companies, for a day of economic schooling, strategic perception, and networking.
Opening the workshop, Gabriel Siaw Owusu, Head of Enterprise Banking at SG Ghana, outlined the Financial institution’s aggressive technique to increase its SME portfolio, which has seen outstanding development fromGH¢250 million in 2020 to over GH¢1.0 billion in 2024.
“We’re projecting a further 35% development in 2025,” Mr. Siaw said, attributing this upward trajectory to a spread of forward-thinking merchandise designed to ease entry to finance for Small and Medium Enterprises (SMEs).
Among the many key improvements offered had been financing choices requiring little or no collateral, equivalent to Buy Order Financing, Bill Discounting, and Factoring. Buy Order Financing allows SMES to entry funds to pre-finance orders or contracts, whereas Bill Discounting and Factoring unlock funds tied up in receivables.
These amenities have been designed to supply real-time options for companies managing delayed funds from shoppers. They’re designed with minimal doc requirement, sooner turnaround instances, and aggressive pricing buildings, making them sensible instruments for enterprise continuity and development.
Moreover, Mr. Siaw Owusu launched SG Ghana’s Finance Lease product, which allows SMEs to amass essential gear or belongings with out depleting their working capital. He defined saying “Our method is straightforward: take away boundaries to entry whereas delivering monetary options that meet the precise wants of rising companies”.
The workshop additionally featured a presentation on the SG Ghana House of Enterprise (HoB) initiative- a singular non-financial help platform launched by the Financial institution to offer free enterprise advisory providers. Mr. Sampson Teye Batsa, Marketing consultant for the initiative, within the presentation highlighted that by the HoB, SMES, whether or not they financial institution with SG Ghana or not, can entry professional consultancy on authorized, tax, HR, insurance coverage, accounting issues, and extra. These providers are provided by partnerships with respected professionals and establishments, obtainable each bodily on the Osu hub and digitally nationwide.
Mr. Batsa additional highlighted two flagship merchandise: The Boafo Working Capital Mortgage, a facility that permits SMEs to entry funds with minimal preliminary safety whereas constructing collateral over time; and, the SG Girl Mortgage, tailor-made for women-owned or managed companies, providing mortgage amenities with solely a 15% money deposit as safety, alongside extremely aggressive charges.
“This isn’t nearly credit score. It’s about constructing sturdy, resilient companies by entry to the fitting capital and the fitting experience,” Mr. Batsa emphasised.
The occasion concluded with a fascinating Q&A session, offering contributors the chance to discover how SG Ghana’s tailor-made options might be utilized to their particular enterprise contexts.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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