Absa Bank Ghana has unveiled a female banking proposition ‘EMERGE’ banking that offers women entrepreneurs tailored value-added financial solutions to empower them to sustainably grow their businesses.
The Absa ‘EMERGE’ will help bridge the financial gap which is currently skewed towards male-led SME businesses.
In recent times there has been growth of women entrepreneurs, women owned and managed businesses particularly in the SME sector globally.
According to a World Bank report, female-run enterprises are growing steadily all over the world contributing to household income and growth of national economies.
Speaking at the launch, Grace Anim-Yeboah, Business Banking Director at Absa Bank Ghana, said this banking solution will facilitate the growth of women businesses which will ultimately lead to an increase in employment and contribute to poverty reduction, a key objective in the UN sustainable development goals.
The Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi lauded Absa Bank Ghana for bringing a solution that supports the growth of women-led businesses.
“Absa Bank Ghana clearly sees the business case in helping to bridge the gender gap in access to finance through bespoke offerings that meet specific needs”.
She encouraged women entrepreneurs in Ghana to take full advantage of the suite of offerings under ‘EMERGE’ to grow their businesses, develop themselves, grow their networks, and maintain balanced lives to stay more productive.
Absa EMERGE is available at all branches of Absa Bank Ghana across the country.