MTN Ghana webinar urges SMEs to get financial discipline right

MTN Ghana recently organized a virtual webinar to urge SMEs to adopt stronger financial discipline and smarter money management practices. The event, which took place to mark the company's 30th anniversary, brought together industry experts Yaw Saifah, Paul Mante, and Desmond Bredu to discuss topics such as financial discipline, cash flow management, digital payments, and investment and wealth creation.

Saifah emphasized the importance of separating personal finances from business funds to improve visibility and discipline, recommending the use of digital tools for monitoring sales, payments, invoices, and cash flows. Mante warned entrepreneurs against confusing revenue with profit and cautioned against rapid expansion without sufficient working capital.

Bredu encouraged Ghanaians to start investing regardless of their income size, cautioning against keeping money idle and stressing the need for discipline in managing earned money.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.