Ghana Showcases Digital Finance Solutions To Unlock Growth For Women And Others
The United Nations Capital Development Fund (UNCDF), in partnership with the United Nations Resident Coordinator's Office, the United Nations Development Programme (UNDP), and the United Nations Conference on Trade and Development (UNCTAD), convened donors, investors, and financial service providers to showcase five market-ready digital financial solutions designed to expand access to finance for women entrepreneurs and youth-led micro, small, and medium enterprises (MSMEs) across Ghana. Held in commemoration of MSMEs Day, the event, themed "Beyond the Blueprint: Putting Digital Finance to Work for MSMEs," highlighted how innovative finance, digital solutions and strategic partnerships can help overcome persistent barriers to finance.
MSMEs account for approximately 92 percent of businesses in Ghana, provide nearly 80 percent of employment, and contribute around 60 percent of the country's Gross Domestic Product (GDP). The event formed part of the Joint SDG Fund Programme on Leveraging Digital Ecosystems for Increased MSME Productivity, a three-year initiative. During the event, five financial institutions competitively selected for the program's first phase presented fully developed and tested digital financial solutions. Fido is developing a digital lending product designed specifically for small businesses; Adehyeman Savings and Loans, in partnership...
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The UNCDF and partners showcased five digital financial solutions in Ghana to expand access to finance for women entrepreneurs and youth-led MSMEs.
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