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13.04.2007 Business & Finance

Barclays Assists SMEs To Fair

Barclays Bank of Ghana Limited is supporting 100 small and medium- scale- enterprises (SMEs) of its Local Business Club to this year's Canton Fair in China.

The Canton Fair, to be held in Guangzhou, is one of the biggest fairs held every year in China. This year's fair is expected to host about 13, 000 participants.

The first batch of about 50 SMEs will leave for China on April 16, while the next batch leaves on April, 18, 2007.

This is the second business trip organised by Barclays for its SMEs. The first business trip was made to Dubai last year, where the SMEs met the Dubai Chamber of Commerce and Business.

Last year's visit also afforded the SMEs opportunities to explore new business to expand their businesses.

The SMEs were introduced to new markets and contacts and also had the opportunity to visit the free zone enclave areas to learn about how to do business .

At a media briefing in Accra, the Head of Barclays Local Business, Ms Eunice Sylvia Yamson Nkansah, explained that the business trip was aimed at exposing SMEs to the international market to enable them to network and to also improve upon their business practices.

She said the trip was also to provide the SMEs Business Club members the opportunity to meet suppliers, manufacturers, investors and service providers.

Ms Nkansah said SMEs played a key role to the development of the economy and it was important that they were exposed to the international market to let them know the trend and the challenges of the international market.

“The trip will expose the SMEs to first-hand business conduct and practice in the context of another culture, from which they will learn best business practice, which will ultimately open doors to endless opportunities such as franchise, representation, agencies, partnerships and foreign direct investment in Ghana,” she said.

She said Ghana's private sector which was the engine of growth would grow when the SMEs were strengthened, saying that Barclays was committed to the development of the private sector, particularly the SMEs.

Story By Kingsley Asare