MTN Ghana Champions Partnerships for Robust SME Ecosystem

MTN Ghana executives underscored the critical role of partnerships in bolstering the local SME landscape during the MTN Ghana Business Executive Breakfast, which was themed “Bridging the Credit Risk Gap for SMEs in Ghana.”

Stephen Blewett, CEO of MTN Ghana, emphasized the imperative of strategic alliances with banks, microfinance institutions, and FinTech firms to facilitate SME access to funding. Such collaborations, he noted, are pivotal in fostering an innovative financial environment tailored to SME needs.

Shaibu Haruna, CEO of MobileMoney Ltd, outlined plans for digital solutions aimed at enhancing SME transactions. These solutions include digital payment platforms, mobile banking services, and online credit assessment tools. He highlighted the use of digital footprints to customize credit solutions, citing Qwikloan as an example of streamlined credit access facilitated by technology.

Angela Mensah-Opoku, MTN’s Chief Enterprise Business Officer, reiterated the company’s commitment to empowering SMEs through enhanced financial accessibility and technological advancements. She underscored the transformative role of technology in standardizing business processes and reducing barriers to creditworthiness, inspiring the audience with the potential of digital solutions.

The MTN Executive Breakfast convened stakeholders to address challenges in SME financing, underscoring SMEs’ pivotal role in Ghana’s economy. The emphasis on the necessity for collaborative support made the audience feel involved in the collective effort.

MTN Ghana, a leader in the local telecommunications sector and part of the MTN Group, continues to drive digital innovation. With a commitment to transforming Africa’s digital landscape through its Ambition 2025 strategy, the audience can feel optimistic about the future of digital technology in Africa.

SOURCE: NEWSGHANA / ROGER AGANA