Standard Chartered Bank launches new banking proposition to support women businesses

Standard Chartered Bank, as part of International Women’s Day celebrations, has launched a business proposition – ‘Lift by Standard Chartered’ – to support women entrepreneurs in the country grow their businesses.

Lift by Standard Chartered is an initiative being rolled out by the Bank for Women-Owned Businesses/ Entrepreneurs, to help them take their businesses to the next level. This is a campaign offering a unique client value proposition to support women-owned businesses. The offer includes discount on loans, lower arrangement and processing fees, discount on investment solution fees, and flexible pricing for forex conversion.

The business proposition will further include free business training, seminars and networking events; access to specialist teams across trade, investment and insurance; make available dedicated business relationship managers; and connect clients to a dedicated international network with access to over 50 markets across the bank’s franchise.

Launching the proposition, Head-Consumer Products and Business Banking, Yvonne Fosua Gyebi said “We believe that supporting women-owned businesses will solidify the country’s economic foundation and create a positive ripple-effect economically in society, as they are able to support their families and the economy at large”. The Business Banking segment is strategically positioned to deliver on this mandate by connecting and driving growth for MSMEs’ businesses.

Business Banking is focusing on this client segment to provide the right support to drive growth and participation for women-owned businesses. This will enable them to thrive and become more competitive in the marketplace.  The initiative will support these businesses and help bring to life our position as a leading disruptor, innovator and champion of change.”

Inequality, along with gaps in economic inclusion, means that many young people, women and small businesses struggle to gain access to the financial system to save for their futures and grow their businesses. Standard Chartered believes that supporting women-owned businesses will solidify the country’s economic foundation and have a greater ripple-effect economically on society.

Standard Chartered is determined to improve the lives of people and their communities by unleashing the financial potential of women and small businesses in its core markets, including Ghana. The bank stands for equitable access to financial support for women and small businesses.