Societe Generale Ghana engages women business owners on financing and growth

Societe Generale Ghana recently held an exclusive meeting with women business owners to discuss financing options, growth strategies, and the support needed for scaling their enterprises. This gathering is part of the bank's continuous efforts to understand and tackle the unique challenges faced by women-led businesses in Ghana. During the session, entrepreneurs had the chance to voice their experiences, pinpoint obstacles, and explore opportunities for future expansion.

Managing Director Hakim Ouzzani emphasized Societe Generale Ghana's dedication to empowering Ghanaian businesses to thrive, compete, and create long-term value. He affirmed that the bank aims to assist businesses in growing, competing, and achieving lasting success, rather than merely ensuring their survival. Ouzzani highlighted that the bank's responsibility is to listen to the concerns of women entrepreneurs, comprehend the barriers they face, and support them as they elevate their businesses to new heights.

Angela Bonsu, the Company Secretary, provided an overview of Societe Generale Ghana's sustainability initiatives. She introduced the SG Woman offer, a suite of products and services tailored to support women-led businesses. This proposition offers various benefits, such as access to credit facilities without substantial collateral, personalized relationship management, free mentorship through partner programs, and business advisory services through SG Home of Business.

The conversation also touched upon the bank's diverse financing solutions, including working capital facilities (overdrafts and revolving advances), invoice discounting, factoring, and purchase order financing, as well as longer-term options like term loans, finance leases, and green financing for sustainable investments.

Participants were encouraged to consider financing solutions that align with their business cash flows to ensure efficient growth. The session also highlighted Societe Generale Ghana's Privilege Banking product, which extends its support beyond traditional business banking to address the personal financial needs of business owners, such as mortgage solutions and home insurance.

The open dialogue allowed entrepreneurs to ask questions directly to the bank's senior management and share their positive experiences with Societe Generale Ghana. These shared experiences underscore the bank's role in assisting the growth of its clients' enterprises.