3i Africa Summit: Digitalization key to SME credit access and inclusive growth
Small and Medium Enterprises (SMEs) often grapple with accessing credit due to the challenge of establishing trust and a solid track record, Dr. Maxwell Opoku-Afari, the First Deputy Governor of the Bank of Ghana has highlighted. He emphasized that SMEs represent the pivotal constraint to economic growth, and by addressing this constraint through collaborative efforts across stakeholders, including innovators and policymakers, the potential for broad-based, inclusive, and shared growth becomes tangible. Dr. Opoku-Afari underscored the pivotal role of digitalization in overcoming this challenge, citing the collaboration between the central banks of Ghana and Singapore in establishing the Financial Trust Corridor...
