French Bank Societe Generale (SG) has disclosed it will support Small and Medium-sized Enterprises in Ghana with the sum of USD 126 Million.
According to the bank, the gesture is part of its global growth strategy for 2019 while it also revealed that the sum for the funding could rise.
A leading European financial services group, Societe Generale is motivated by the desire to assist the growth and sustenance of small businesses in Ghana.
Hakim Ouzzani, the Managing Director of SG Ghana revealed that the group will be giving a USD 126 million financial packages to small businesses in Ghana for the next three years.
Ouzzani said that the financial support is a reflection of the entire importance the bank is affording to SMEs in Ghana “Because we believe that these small businesses of today will be the big enterprises of tomorrow, and we believe they will help the country not just to grow, but improve – for example – its exportations as substitutions to import.”
Speaking on the development, the Head of Africa and Overseas Region of Societe Generale, Alexandre Maymat said, “Societe Generale’s experience in Ghana is an exciting one; the country is developing fast, and so are the needs of our clients.”
He added, “Clients are finding in Ghana their own way to consumer banking products and services, and we believe that our unique positioning which combines knowledge of the local economies and the expertise of an international banking group are key to support the country’s development.”
The Societe Generale (SG) is a French banking institution with 147,000 members of staff in 67 countries serving 31 million individual and professional clients worldwide, placing innovation and digital technology at the heart of its business offering a wide range of advisory services and tailored financial solutions.
