Professor Godfred Bokpin, an Economist and Professor of Finance at the University of Ghana Business School (UGBS), spoke at an SME clinic organised by Access Bank and Graphic Business newspaper in Takoradi in the Western Region.
Professor Bokpin contends that SMEs offer a significant opportunity to address the nation's unemployment issue. ‘Every aspect of life has challenges,’ he said, and ‘running a business is no different.’ However, there are ways to manage these challenges that are more effective. No matter the size of a business, he emphasised, it can be managed and expanded using digital applications. The future of money itself, for which SMEs are working is being digitalised, so this cannot be ignored. Prof. Bokpin advised entrepreneurs to try to comprehend how they could use digitalisation and digital applications (apps) to manage their businesses, regardless of the size of those businesses.
Prof. Bokpin concluded by admonishing the participant that "the fact that you were born before computer does not necessarily mean your business should not embrace digitilisation."
Access Bank and the Graphic Business newspaper through partnerships are supporting the growth of small and medium enterprises (SMEs). The partnership aims to offer interventions through financial support and technical know-how to empower SMEs and support the expansion of their businesses so they can contribute to economic development
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