Accra, Ghana, May 22, 2013 - IFC, a member
of the World Bank Group, today announced a new agreement with Advans
Ghana Savings & Loans Ltd to expand access to the Business Edge
training program in Ghana. The program will help entrepreneur’s gain the
skills needed to succeed and supporting small business growth in the country.
The agreements will allow 240 SME’s to access world-class management training,
run more efficient businesses and improve staff productivity. Business
Edge is an important part of IFC’s strategy to support smaller businesses
in Africa. The interactive product has already helped more than 100,000
entrepreneurs in emerging markets improve their skills and profitability.
Mary-Jean Moyo, IFC Country Manager for Ghana, said, "IFC places high
priority on encouraging entrepreneurship in Ghana, which is supported by
new partnerships and the expansion of the Business Edge solution. More
robust small and medium enterprises are critical to creating jobs and generating
growth for Ghana."
Support for Business Edge is part of a broader effort by IFC to support
the conditions for smaller businesses. Through efforts to encourage efficient
and effective regulation in areas such as licensing, registration and taxation,
IFC and its partners aim to improve entry points and other building blocks
for small business success.
To improve access to finance, IFC collaborates with local financial intermediaries
that enable SMEs to grow their businesses with affordable and tailored
credit and investment. Inadequate access to finance constrains growth of
small and medium businesses in Ghana and hinders job creation. Only 22
percent of all Ghanaian firms have access to a line of credit, a figure
that falls to 13 percent among smaller companies.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, mobilizing
capital in international financial markets, and providing advisory services
to businesses and governments. In FY12, our investments reached an all-time
high of more than $20 billion, leveraging the power of the private sector
to create jobs, spark innovation, and tackle the world’s most pressing
development challenges. For more information, visit www.ifc.org.
About Business EdgeTM
IFC Sustainable Business Advisory Services is supporting the growth of
small and medium enterprises. Working with partners in Africa, IFC has
helped thousands of entrepreneurs access the finance and skills they need
to realize their potential. Business Edge™ is a face-to-face IFC training
system that helps SMEs more easily access markets by strengthening their
management capacity. The training can be customized for specific countries
and regions in Africa. For more information, including a full list of our
corporate partners and accredited training firms, visit www.businessedge-africa.com.