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    DDEP: Government hopeful bondholders will register for programme

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    DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

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    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

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    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

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    Nigeria’s national debt hits an all time as the country struggles with repayment

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    Nigeria set to stop importation of refined oil and refine its own oil by 2023

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Union Savings and Loans launches SME clinic

bycitibusinessnews
June 14, 2014
in Banking And Finance, Business
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Union Savings and Loans has officially launched a Small and Medium Enterprise (SME) clinic to educate individuals and business entities with the requisite skills and knowledge in handling their business and also offer business solutions aimed at advancing the growth of SME’s to help accelerate the country’s development.

Speaking at the launch, the Managing Director (MD) of Union Savings and Loans, Mr. Philip Oti- Mensah, said the clinic would provide resource persons who would break down complex business plans into the smallest unit for businessmen to understand.

According to him Union seeks to provide a management capacity building programme which will provide holistic business solutions and capacity development for its clients.

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”This is in line with Union’s business philosophy of successfully combining commercial objectives with a strong development agenda by focusing our financial intermediation efforts of segments of the market that lack the needed attention and expertise from the regular financial services sector,” Mr. Oti-Mensah noted.

He further explained that the clinic will, ”look at institutions with an asset size of up to GHC 2million…in terms of credit capacity; we are looking at a loan amount of up to GHC 2million. We recover all sectors. We know that the service sector contributes up to 50% of GDP, so that is the sector we are really focusing on. We don’t want to only build businesses which are already SME in definition, but also others that can become SMEs.”

The SME clinic would also track the development of business companies that take advantage of it.

Small and medium enterprises and businesses with more than five to 200 employees will benefit from the Union Savings and Loans SME clinic.
By: Evans Effah/citifmonline.com/Ghana

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