Barclays, Invest In Africa to support SMEs in Ghana

Barclays Bank Ghana has committed to providing credit support to SMEs enrolled with Invest In Africa (IIA) to expand their businesses.

This forms part of a partnership established between the Bank and IIA through which Barclays will also provide other forms of enterprise development assistance. IIA is a not for profit organisation with the vision to create Prospering African Economies. The organisation has in the past four years facilitated over USD 1 million credit support to SMEs through its ‘Access-to-Finance’ benefit offering.

According to Barclays, the partnership is very strategic because Barclays’ Enterprise Supply Development (ESD) programme has similar objectives as IIA’s three-prong benefit offerings.

To date IIA’s ‘Access-to-Markets’ pillar, delivered through its online marketplace platform the African Partner Pool (APP), has provided Ghanaian SMEs with business opportunities valued at USD 150 mln.


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