Stanbic Bank Ghana, through its Stanbic Incubator, has reaffirmed its commitment to the growth of SMEs with the successful rollout of its SME Clinics in Kumasi and Sunyani.
Organised in collaboration with the Ghana Enterprises Agency, the initiative engaged over 350 entrepreneurs in hands-on sessions aimed at building business resilience, unlocking market opportunities, and equipping SMEs with the tools needed for sustainable growth.
This year’s clinic was designed to move beyond traditional banking, offering practical insights, technical advisory, and networking opportunities tailored to the realities of the Ghanaian business environment. From navigating operational bottlenecks to building export readiness, the sessions focused on enhancing both strategy and execution.
Dinah Kaleo-Bioh, Acting Head of Business and Commercial Banking at Stanbic Bank Ghana, in her speech reflected on the crucial role SMEs play in economic development. She emphasized that many of the world’s most successful companies had modest beginnings and stressed that with the right support, Ghanaian SMEs could follow similar trajectories.
“Through platforms like this, we create intentional spaces where businesses can evolve and thrive. We’re not here to tell you how to run your business; we’re here to walk the journey with you. Our goal is to help you transition from small operations into enterprises that create jobs, drive innovation, and transform our economy,” she said.
She further emphasized that the bank’s investment in SMEs is a deliberate long-term strategy anchored on mutual growth. “When SMEs succeed, Ghana succeeds. That’s why we’re here, to enable transformation, one business at a time,” she added.
Taking the conversation further, Hamza Mumuni, Manager of the Stanbic Incubator, highlighted the critical yet often overlooked elements that drive business success. He explained that while financing remains important, knowledge, capacity building and access to networks are equally fundamental.
“Many entrepreneurs believe capital alone will fix their problems. But without the right insights and market linkages, money can only go so far,” he said.
He cited the Incubator’s work since 2019, which has supported hundreds of entrepreneurs through mentorship, business formalization, and tailored growth strategies. “It’s not just about the money. It’s about understanding your numbers, building strong systems and plugging into the right ecosystems,” Mr. Mumuni added, encouraging participants to see the clinic as a springboard rather than a one-off event.
On the topic of expanding beyond Ghana’s borders, Michael Tsiri from the Africa-China Banking Unit of Stanbic Bank, walked entrepreneurs through practical pathways for entering the Chinese market. He discussed trade financing tools, relationship-building for long-term partnerships, and regulatory compliance for cross-border deals.
The clinics also featured industry experts where Michael Addo Kyeremeh, Assistant Manager of Accounting Advisory Services at KPMG, demystified cash flow management for participants, explaining strategies such as using digital payment data to forecast income, building emergency reserves and balancing short-term financing.
Dr. Boahemaa Ntim, Managing Partner at BlackSmith Africa Consulting, underscored the power of relationships in business, urging participants to prioritize networking. “No business grows in isolation. Collaborations and strategic connections open doors faster than effort alone,” she advised.
Giving the closing remarks, Eric Tsiri, Head of Enterprise Banking at Stanbic Bank Ghana, urged the SMEs to act boldly on the knowledge gained and join the bank’s expanding ecosystem of thriving businesses. “At Stanbic, we’re more than a bank. We are your growth partner here to help you scale, sustain and succeed.”
With SMEs representing more than 90% of Ghana’s registered businesses and contributing nearly 70% to GDP, investing in their success is investing in Ghana’s future.
