The platform will serve as a dedicated ecosystem for the mutual recognition of Small Medium Enterprises, businesses, and financial institutions seeking to improve closer relations in the digital economy. Participating SMEs will have the trust of financial institutions, leading to the much-needed financial sector support for SMEs growth,” he stated. While the barriers to doing business across national boundaries may be high for SMEs, digital technology has proven a leveller. Meanwhile, the BSB initiative seeks to establish a digital-hub and connector of platforms of businesses in Asia and beyond to Ghanaian SMEs and financial institutions. This component of the digital hub is very important for the Bank of Ghana.

Source: GhanaWeb August 18, 2021 13:29 UTC