The Bank of Ghana (BoG) is in the process of establishing a new framework aimed at assisting small and medium-sized enterprises (SMEs) in securing short-term working capital.
According to the Second Deputy Governor, the initiative will allow SMEs to leverage unpaid invoices to access necessary funds.
This strategic move is designed to enhance liquidity for SMEs, which are crucial for economic growth and job creation. The BoG hopes that this framework will empower businesses to manage their cash flow better and contribute to the stabilization of the local economy. Further details on the implementation timeline are expected in the coming weeks.
