Several financial channels and resources help small and medium businesses (SMEs) acquire the liquidity they need to start, operate, and grow their business. This is the case in Ghana with banks that provide loans to SMEs for their financing

SMEs are seen as the backbone of any economy. They contribute to job creation, innovation and general economic development. Like other developing countries, Ghana understands the need to support SMEs by offering tailored financing options. The country is striving to grow and develop economically. It is essential to establish an ecosystem to support SMEs by offering a variety of financing options.

Banks in Ghana offer specialized loans to SMEs, such as working capital loans, equipment finance, and commercial finance. For their part, traditional banks offer a variety of loans adapted to the specific needs of SMEs. Banks frequently ask for collateral to get a loan; real estate, equipment, and inventory are examples of collateral.