Business Incubators Positioned as a De-Risking Tool for SME Financing in Ghana

Business incubators are being promoted as an effective way to reduce the risks associated with financing small and medium-sized enterprises in Ghana. According to industry experts, incubators can help entrepreneurs strengthen their business models, improve governance, enhance financial management and prepare for investment.

By providing mentorship, training, market access and technical support, incubators can make SMEs more attractive to banks and investors, increasing their chances of securing funding.

Stakeholders at a recent discussion argued that stronger collaboration between financial institutions, government agencies and incubation programmes could significantly improve access to finance for Ghanaian SMEs.

Source: MyJoyOnline