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NIB builds capacities of SMEs

botchway August 6, 2018

 

In its quest to enhance the capacity of small and medium scale enterprises (SMEs), the National Investment Bank (NIB), in collaboration with Corporate Secretarial and Training Services, on July 26 and 27, held a two-day workshop for some players in the industry.

The workshop, which was on the theme, ‘Corporate Governance,’ was aimed at strengthening the capacity of SMEs players, and establishing a working relationship and partnerships to enable them grow and have a competitive edge in their various fields of business.

The NIB has, over the past 55 years, been at the forefront of providing financial intermediation, equity financing and credit to indigenous Ghanaian businesses. The bank recognises SMEs as the engine for the growth of the economy, and, if supported, could provide the needed jobs for the unemployed especially.

In his welcome address, the Head of Corporate Affairs at NIB, Mr. Charles K. Wordey, urged the participants to take advantage of the workshop to deepen their knowledge on the need to institute legal internal control mechanisms through proper corporate governance structures, to ensure the integrity of their financial and accounting information.

The training was held at the Accra Digital Centre for SMEs selected from varied fields of businesses. A resource person from the Corporate Secretarial and Training Services, Mr. Samuel Nartey, spoke on the pros and cons of setting up a business as a sole proprietor and partnerships, while Mr. William Demitia, also a resource person, schooled the young entrepreneurs on tax compliance, among others.

 

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