Development Bank Ghana and Consolidated Bank Ghana recently organized a training course for 160 SMEs on the Foundational Financial Literacy Course, as part of the SME Financial Empowerment program. The training focused on the first pillar of the Ghana Integrated Financial Ecosystem (GIFE) and was facilitated by a DBG representative who guided the SMEs through the GIFE journey. This training marks a major step in enabling SMEs in Ghana and promoting financial inclusion. At the end of the workshop, SMEs who participated in the session received certifications on financial empowerment and business financial acumen approved by the United Nations Development Programme (UNDP), International Finance Corporation (IFC), Singapore University of Social Sciences (SUSS) and Global Fintech Institute (GFI).
The SME Financial Empowerment (Pillar 1), of the Ghana Integrated Financial Ecosystem is an online financial empowerment initiative which includes the Foundational Financial Literacy and aims at building the capacity of SMEs for global certification.
SME Financial Empowerment (SFE) is an educational program for businesses (MSMEs, SMEs) to build foundational digital financial literacy and understanding of essential financial services to thrive in the digital economy. Ultimately, the SMEs will learn how to digitalize and scale your business through our financial literacy program, access localized foundational and global content, grow SME business with tools and services catered to your needs and gives an opportunity to access financial support through the subsequent pillars of the GIFE.
Participants were assisted in taking up the Foundational Financial Literacy Course on the SFE, which provides a step-by-step guide on how to manage personal and business finances.
DBG and CBG plan to continue working together to provide SMEs with the tools and resources needed to achieve financial success.