18.12.2015 Business & Finance

Union Savings and Loans to intensify SME clinics in 2016

Union Savings and Loans to intensify SME clinics in 2016
LISTEN DEC 18, 2015

Union Savings and Loans Limited, one of the leading Savings and Loans Company in Ghana, will from next year intensify its Small and Medium Scale Enterprise (SME) Clinic.

This is to help managers of SMEs position their institutions better in the wake of the economic challenges.

The Head of Business Division at Union Savings and Loans, Dominic Donkor said this at the graduation ceremony of the Union management trainee programme christened U-Generation in Accra.

The management capacity building programme is aimed at offering business solutions towards advancing the growth of SMEs to help accelerate the country’s development.

The six months training programme involves five weeks of lecturing and 15 weeks on the job training, mentoring and presentation of projects by individuals and groups.

The SME Clinic, Dominic Donkor said, was rolled out because Union places emphasis on ensuring that SMEs have the right knowledge and skills to manage their businesses since they contribute to the economy by creating jobs, enhancing income, strengthening purchasing power and adding business convenience.

He indicated that quite a number of SMEs are finding it difficult to stay in business due to managerial skills but “SMEs that has worked with Union through the education and capacity building have seen a much better management of these challenges”.

“Economic challenges will come from time to time and managers who have the right expertise to manage such challenges and take advantage of opportunities that these challenges offer will position their institutions better,” he added.

Dominic Donkor said they will continue to provide flexible financial services to SMEs especially in very difficult times.

Also, Chief Operating Officer of Jospong Group of Companies, Emmanuel Boateng who was guest speaker urged the graduands to put all the things they have learn into practice.

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