Stanbic Bank empowers entrepreneurs at SME clinic in Taifa

Stanbic Bank Ghana, through its Stanbic Business Incubator, has successfully held its Small and Medium Enterprises (SME) Clinic for the Greater Accra Region. Speaking at the Stanbic Incubator SME Clinic in Taifa, Mr. Hamza Mumuni, Manager of Stanbic Incubator, reiterated the commitment of the Incubator to grow small and SMEs in Ghana.

Mr. Mumuni indicated that the Incubator assists in the capacity building of entrepreneurs to grow their businesses. “We create the opportunity for you to expand. We give you the right platforms and connections to grow beyond your community of operation to nationwide and on a global scale. Utilization of the digital avenues is very important, so we teach those things,” he said.

Mr. Hamza also noted that financial constraints often cripple businesses, thus, the Incubator was established to assist small businesses to access soft loans and grants with reduced interest rates.

The Head of Business and Commercial Banking at Stanbic Bank Ghana, Mrs. Dinah Kaleo-Bioh, also highlighted the importance of equipping beneficiaries with the right tools to succeed in today’s competitive economy.

Mrs. Kaleo-Bioh, described the SME Clinic as an avenue to help entrepreneurs manage capital wisely, build resilient businesses, and remain competitive in a fast-changing, data-driven economy. She stressed that the growth of Ghana’s private sector depends largely on how well SMEs adapt, innovate, and sustain their businesses in the face of challenges.

According to Mrs. Kaleo-Bioh, “Our commitment at Stanbic is not only to support businesses with financial resources but to empower them with knowledge, skills, and networks that will allow them to flourish,” she said. “We believe SMEs are the backbone of Ghana’s economy, and we want to see them thrive. Stanbic is proud to stand beside SMEs as they innovate and shape the future of Ghanaian entrepreneurship. Their success is our collective success.”

Taking his turn, Kwame Owusu Acheampong, Senior Associate, Strategy & Operations at KPMG, focused on financial discipline as a driver of sustainability. He highlighted the importance of budgeting, proper bookkeeping, and inventory management. “When SMEs strengthen their financial systems, they not only prevent leakages but also gain clarity that allows them to plan strategically for growth,” he explained.

On her part, Dr. Boahemaa Ntim, Managing Partner at Blacksmith Africa Consulting, urged entrepreneurs to put customers at the heart of their operations. She emphasized that building strong relationships and brand loyalty was critical in an increasingly competitive market. “Knowing your customer deeply, while leveraging new media and branding strategies, can be the difference between a business that survives and one that dominates its industry,” she noted.

Throughout the clinic, participants engaged in practical sessions designed to provide actionable steps they could immediately apply to strengthen their businesses. From mastering financial management to harnessing digital tools and exploring trade opportunities, the event offered a comprehensive toolkit for entrepreneurs determined to grow.

The Stanbic Bank SME Clinic is a nationwide initiative designed to support small and medium-sized enterprises by equipping them with the tools, knowledge, and networks essential to their growth. Hosted across various regions, the clinics provide entrepreneurs with the chance to learn from seasoned experts on financial management, branding, and customer engagement, while also fostering valuable networking opportunities.