Sunyani: Women engaged in small and medium scale enterprises in the Sunyani Municipality have commended Vice President Professor Jane Naana Opoku-Agyemang for her instrumental role in establishing the Women's Development Bank.
According to Ghana News Agency, Madam Agnes Amoah, a roasted yam seller, expressed high anticipation for the Bank's establishment, emphasizing the need for financial resources to transform and expand their economic activities. She noted the challenges posed by high-interest rates that have deterred many from accessing credit from financial institutions and urged the Vice President to expedite the Bank's establishment.
Nana Akosua Asantewaa, the Leader of the Vegetable Sellers Association at the Sunyani main market, also encouraged SMEs to position themselves well as the government finalizes the modalities for the Bank's establishment. She commended the government and advised traders to prepare to meet the necessary requirements to benefit from the Bank.
Nana Asantewaa highlighted the eagerness among women in SMEs in Sunyani to benefit from the Bank to expand their economic activities and improve their socio-economic livelihoods. She emphasized that expanding their businesses and increasing profit margins would significantly aid in contributing to their families' upkeep.
As the Benkumhemaa of New Dormaa in the Sunyani Municipality, Nana Asantewaa urged traders and market women to maintain proper records and enhance their financial management skills. Proper records and financial management could aid them in accessing credit facilities, expanding businesses, and maximizing profits. She advised SMEs to secure their Ghana cards and ensure accurate personal data to benefit from the Bank.
Ms. Beatrice Anane Adjei, who sells foreign human hair at the Nana Bosoma Central Market, expressed hope that the Bank would offer credit facilities to young women to build their businesses. She also emphasized the need for the Bank to be decentralized for easy accessibility.
