Take Advantage Of Economic Stability - Vandyick
4/18/2012 9:31:34 PM -
Small and Medium-Scale Enterprises have been urged to take advantage of the stability of the economy to improve on their businesses.
This, according to the Chief Executive Officer of D-banc Limited, Mr David Vandyick, will pave the way for foreign investors to assist them to expand their businesses.
Speaking at the 2012 quarterly stakeholders meeting held in Accra, he said Ghana could attract more investors into infrastructural development which ‘’is a pre-requisite to the growth of the economy”, when the businesses were expanded.
D-banc is a microfinance company established to assist SMEs to grow their business and support them to acquire loans and other facilities to promote their businesses.
The stakeholders meeting was aimed at discussing some of challenges the company faced in 2011. It also gave members the opportunity to interact with each other and exchange business ideas.
Mr Vandyick also said that the discovery of oil and gas in Ghana had made the country fertile enough to attract more foreign investment and assistance.
He added that the development of every vibrant economy rested on the capacity to open it up for foreign businesses participation.
Mr Vandyick observed that the discovery of oil and gas in Ghana had made the country one of the most likely nations in the sub-region that businesses want to invest in, adding “a lot of people now want to come to Ghana because they find the environment rich enough to protect their investment.
”Currently we are expanding our branches to accommodate those who wish to grow their businesses, particularly the market women and rural people. We have developed a strategy to finance micro enterprises and projects that are financially sustainable, and can benefit people, society and country’’ he said.