GCB Bank unveils GH¢1m unsecured loans to boost business growth at Kumasi MSME Caravan
As part of its commitment to empowering small and medium-sized enterprises, GCB Bank PLC has held the Kumasi edition of its MSME Caravan Business Clinic to build the capacity of local businesses.
GCB Bank PLC has launched a one million Ghana Cedis unsecured business loan at the Kumasi MSME Caravan Business Clinic. The event, themed "MSME Unlocked: Powering Ghanaian Businesses for Sustainable Growth," aimed to empower small and medium-sized enterprises through practical knowledge and financial solutions. The initiative addresses key challenges faced by SMEs, including access to financing and lack of collateral.
GCB Bank's Head of Micro and Small Enterprises, Gabriel Owusu Siaw, stated that customers can access up to one million Ghana Cedis based on their account activity, sans collateral and financial statements. The bank also offers non-financial support, such as training on bookkeeping and business management, to ensure business sustainability and repayment.
Abdul Mugiss Ahmed, Head of Business Development and Ecosystems, emphasized the bank's transformation into a supportive institution for the country's vital MSME sector, which contributes to over 90% of Ghana's economy and employs a significant portion of the workforce.
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