Mr. Andah urged SMEs to capitalize on the digitalization agenda of the Government and minimize cash transactions. Mr. Andah encouraged Banks to aid SMEs upscale their enterprises into large corporate Institutions by providing advisory services and also take a critical look at the interest rates charged on loans. He gave an example of how the Bank of Africa has designed a product specifically for SME businesses in its quest to promote and grow the SME segment. The Bank is currently granting loans in excess of GH¢250,000.00 without collaterals and financials to SME businesses. On the side of the government, Mr. Andah applauded it for all the good initiatives it had rolled out to support the SME sector.
