The Helpstation KT speech 2

The Managing Director of Premium Bank, Mr. Kwasi Tumi was present at the “Enterprise Africa Summit” organized by the British Council and held at Kempinski Hotel in Accra to give a speech on The Roles Bank Play on the Innovative Financing of Small and Medium Enterprises (SMEs).

Premium Bank, present at the Enterprise Africa Summit from 23rd to 24th March 2017, promoted The Helpstation, an entrepreneurship initiative of the bank aimed at building resilient SMEs as well as provide them assistance and support.

Mr. Tumi spoke to the audience of the challenges SMEs face that prevents them from reaching their full capabilities and asserted on the importance of finding new, innovative means to finance them.

“Notwithstanding the fact that SMEs are a formidable force for economic growth and development, they still face various challenges which limit them from achieving their full potential”. He further explained this by citing examples of such challenges which include non-existent or non-functional governance structures, inexperienced management teams, administrative challenges, inadequate infrastructure, unproven track record and lack of appropriate financial systems.

Mr. Tumi said that there was a need for banks to create new, innovative and sustainable ways of financing SMEs to help them overcome these challenges. He also spoke on The Helpstation initiative of Premium Bank and how it can help in their mission to support and grow their customers’ businesses.

“The HelpStation is the medium through which we offer a total business solutions kit aimed at building resilient, high-growth and globally-competitive SMEs. Through the HelpStation, Premium Bank provides SMEs with holistic financial and non-financial support services through the various stages of operations and growth. Through our partnership with TANOE, The HelpStation is able to provide SMEs the much needed attention, working closely with them to examine their current state, analyzing their needs and providing them with tailor-made solutions which does not put undue pressure on depositors’ funds but is able to meet the needs of SMEs.”

The Helpstation team of Premium Bank was present at the Enterprise Africa Summit to market its services to young, budding entrepreneurs as well as host a pitch session to listen to business proposals from entrepreneurs.

Orange Burger Recipes Over the Hill Birthday Photo Collage

 

TidyUp Ghana Limited, a waste management company with the aid of Premium Bank’s Helpstation, inaugurated a GH₵ 2.5 million Waste Transfer Station at Mallam in Accra to aid in the management of solid waste on Wednesday 15th March, 2016.

TidyUp Ghana Limited, established in October 2005, is responsible for collecting waste from the Ghana Ports and Harbors Authority facilities, as well as residences in the Sekondi-Takoradi metropolis. The company is also in charge of servicing and maintenance of the runway sweeper at the Kotoka International Airport in Accra.

TidyUp Ghana invested GH₵ 2.5 million in state-of-the-art equipment from the German waste management institution, Bergmann Company to process up to 30 tons of waste at a time in a bid to counter the sanitation problems in Mallam, Accra.

This was made possible through the support of The Helpstation, an entrepreneurship development initiative of Premium Bank with the aim of providing support to Small and Medium Enterprises (SMEs) in Ghana.

Mr. Steven Kofi Ampofo, the Chief Executive Officer of TidyUp Ghana Ltd said his company is poised to change the face of waste management in the country by moving away from the conventional way of managing solid waste in Ghana through the use of the latest waste management technology.

The Managing Director of Premium Bank, Mr. Kwasi Tumi said he saw the potential in TidyUp Ghana’s project and decided to use the experience and expertise the bank has in managing SMEs to provide the needed support and solutions through the HelpStation to launch the Waste Transfer Station. He further elaborated on the bank’s insights to tackle the often forgotten, but critical sectors of the economy and stated the bank is ready to help their clients to confront the challenges and situations that other financial institutions tend to shy away from.

Present at the event were dignitaries and special invited guests including Hon. Kwamena Bartels, Formerly in charge of Private Sector Development and President's Special Initiative; Dr. Adjei Bawuah, Ghana's Ambassador to the United States of America(designate); Heinz Bergmann Jnr., Managing Director of Bergmann(Germany), manufacturers of the waste management machines at the Tidy Up Waste Management Station; Prof. Somuah, a partner; Representatives from EPA, ESPA, Bola Taxi and Tricycles Union, Local Rulers including the Mallam of Gbawe and Weija.

sme pitch day

With a vision of becoming the best SME bank in Ghana, Premium Bank has rolled out its second initiative; Pitch Day, in its series of outlined “The HelpStation” initiatives for the year 2017 aimed at making SMEs more resilient, high growth and globally competitive. The HelpStation initiative, organized and managed by TANOE for Premium Bank witnessed a massive turn out of young and passionate entrepreneurs.

The Pitch Day presented 50 shortlisted SMEs and some startup businesses from the hundreds that applied the opportunity to present their businesses and projects to a panel made up of the Head of SME Banking Unit of Premium Bank, the CEO of The African Network of Entrepreneurs (TANOE) and Executives from InvestinAfrica, Servled and African Entrepreneurs’ Hub.

The maiden edition of the Pitch Day which took place at Premium Bank’s Ridge branch in Accra, saw 50 businesses and entrepreneurs showcase their businesses to the panel with emphasis on their needs for funding and business support.

In a statement, the MD of Premium Bank, Mr. Kwasi Tumi expressed the Bank’s commitment to providing holistic banking services and products tailor made to address the needs and challenges of SMEs in Ghana. He was excited about the turn out for the 1st Pitch Day and looked forward to the roll out of several other “The HelpStation” initiatives aimed at equipping businesses for high growth and sustainability.

Mr. Ekow Mensah, CEO of TANOE; the organization appointed to manage “The HelpStation” for Premium Bank said that the Pitch Day along with other innovative and engaging initiatives will be a regular affair to identify businesses with potential for massive growth and provide them the needed push through the provision of adequate financing, requisite business advisory support and access to productive networks and constructive feedback from industry and subject matter experts.

Some significant businesses in attendance were Logiciel Ghana, E-Campus LLC, Center for Social Innovations Ghana, Kente Master, Incas Diagnostics, NBKitec and several others.

THE SME NETWORK Bootcamp

 

Premium Bank, Ghana’s latest SME focused bank in partnership with The African Network of Entrepreneurs (TANOE) through The SME Network has successfully hosted the first edition of its monthly SME Business Bootcamp.

The initiative which is an intensive and rigorous programme designed to critically examine the performance of SMEs and provide relevant & practical solutions, advice and directions for consistent growth had for its first edition 30 SMEs in attendance from 4 regions in Ghana.

The Bootcamp led by Ekow Mensah, the Executive Director of The SME Network, in 3 separate sessions, examined the vision each of the 30 SME CEOs in attendance had for their businesses, their current state, strategies for high performance and how best Premium Bank can support them with innovative and tailor products and services for maximum productivity in 2017 and beyond.

The SMEs who participated in the bootcamp were of high praise for the program as it also provided them with an opportunity to network with other SMEs, forge partnerships and interact with officials of the bank including the head of SME Banking.

The SME Network which will be officially launched in February, is a non-profit initiative of Premium Bank (formerly CIC) in partnership with The African Network of Entrepreneurs (TANOE) aimed at building a vibrant community of SMEs in Ghana and providing them with the requisite business support, advisory services, adequate financing and coaching needed for consistent and sustainable growth.

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