In a collaborative effort that aims to reshape the future of small and medium-sized enterprises (SMEs) in Ghana, OmniBSIC Bank and GIZ Ghana have joined forces to host financial literacy training sessions across the country. This initiative, launched in Accra and Koforidua, underscores the vital role that SMEs play in the nation’s economy and the necessity of equipping them with the right tools to thrive in today’s volatile business environment.

The training program, which attracted participants from a variety of industries such as trade, production, and services, is designed to impart essential business skills and financial acumen. The seminars featured expert presentations on key topics such as financial management, record-keeping, and adapting to market volatility. Notably, Richard Asante-Amoah, CEO of Stravents and a consultant for GIZ, introduced the VUCA (Volatile, Uncertain, Complex, Ambiguous) framework to highlight the unpredictability of today’s business climate, urging SMEs to adopt more resilient strategies for long-term success.

Eugene Bawelle, Head of SME Banking at OmniBSIC Bank, emphasized the bank’s commitment to building capacity within the SME sector. “At OmniBSIC Bank, we believe that when businesses thrive, we all benefit,” he stated, noting the enthusiastic reception of participants and the positive impact of the program on their business practices.

OmniBSIC Bank’s Managing Director, Daniel Asiedu, highlighted the bank’s competitive lending rates and dedication to fostering SME growth, positioning the institution as a crucial player in promoting financial inclusion and supporting economic progress in Ghana. These initiatives align with the bank’s recent accolade as the Premium SME Brand of the Year at the 8th Global Business Brands Summit & Awards.

The success of these events has laid the groundwork for the expansion of the program to other regions in Ghana, with a shared goal of empowering more SMEs with the knowledge and skills they need to drive sustainable economic growth