OmniBSIC Bank, GIZ Ghana enhance SME skills

OmniBSIC Bank, in partnership with GIZ Ghana, has embarked on a financial literacy training programme in Accra and Koforidua to enhance the financial management skills of small and medium-sised enterprises (SMEs) as well as aspiring entrepreneurs.

The programme focused on record-keeping, strategies for navigating market volatility, and developing resilient businesses in the face of a volatile, uncertain, complex, and ambiguous (VUCA) environment.

The initiative is part of a broader effort to bolster Ghana's SME sector, which plays a vital role in the nation's economic growth. 

Presentations from industry experts emphasised the importance of financial awareness and data-driven decision-making, guiding businesses to make informed decisions in uncertain times.

Commitment 

Managing Director of OmniBSIC Bank, Daniel Asiedu, highlighted the bank’s commitment to SME growth, aligning with its recognition as the Premium SME Brand of the Year. 

The Head of SME Banking at the bank, Eugene Bawelle, also emphasised the importance of building capacity in the SME sector, with enthusiastic participation reflecting the need for such initiatives.

“At OmniBSIC Bank, we believe that when businesses thrive, we all benefit. These seminar series is our commitment to building capacity in the SME market. 

The enthusiastic response from participants reaffirms the need for such programmes,” he said.

Financial awareness 

The Executive Director for Consultancy and Advocacy at the Chartered Institute of Supply Chain Management, Ebenezer Nii Sampane Adjaye, led a session on financial awareness and record-keeping. 

He emphasised the critical role of data-driven decision-making in business success. 

“During VUCA periods, the most important thing is to have information which will enable you to make informed decisions. This involves gathering appropriate data, collating them, and putting them in the form of a report. 

That will give you the ability to project and make forecasts into the future, knowing what risks or challenges lie ahead and how best to mitigate them to ensure your business can continue to make profits and become sustainable,” Mr Adjaye elaborated 

Gratitude

Participants, including local entrepreneurs, expressed their gratitude for the practical knowledge gained, which they believe would improve their business operations.