Premium Bank Partners TANOE To Establish The SME Network

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Premium Bank, formerly Known as City Investment Company Limited has partnered The African Network of Entrepreneurs (TANOE) to establish The SME Network. This is in line with the Bank’s mission to be the leading SME Bank of choice in Ghana providing SMEs with both banking and non-banking business support services.

The SME Network is an initiative aimed at building a vibrant community of 10,000 SMEs in Ghana and providing them with the requisite business support, adequate financing, advisory services and business coaching. The SME Network aims to be a one-stop destination for the provision of Innovative & Tailor-Made Business Growth Solutions to challenges of SMEs including but not limited to the following:

  1. Lack of required management skills and structures for sustainable growth & global competitiveness
  2. Lack of adequately skilled labour
  3. Lack of adequate human capital capacity building & motivation
  4. Difficulty in accessing markets and developing lasting & productive relationships with customers
  5. Lack of relevant knowledge and adequate business development support
  6. Lack of Succession Planning & appropriate Leadership
  7. The lack of appropriate technology and low production capacity
  8. Difficulty in accessing finance and obtaining sufficient low-interest credit
  9. Difficulty in establishing international trade partnerships

The SME Network has the following objectives:

  1. To develop products that enable SMEs to reduce cost and maximize profits
  2. To assist SMEs build needed structures to guarantee consistent and sustainable growth
  3. To position SMEs to be financially sound, credit worthy & investment ready to attract the needed financing
  4. To provide SMEs & Entrepreneurs with relevant and needed information
  5. To match investment ready SMEs to available investors and funding sources
  6. To present resourceful & productive networking platforms for SMEs and all
  7. To provide affordable and subsidized business services
  8. To ensure the survival, health & growth of SMEs in Ghana
  9. To provide accessible & practical business advisory & consulting services to SMEs

The African Network of Entrepreneurs (TANOE) is a leading social enterprise in the development and support of Entrepreneurs & Businesses in Ghana. TANOE is a strong advocate of entrepreneurship as a sustainable solution to unemployment and private sector development. It serves as a resourceful organization for the provision of capacity building, business support services, accelerator programs and networking initiatives geared towards the creation of an enabling environment for entrepreneurs, startups and SMEs to thrive in Ghana and Africa.

Premium Bank’s partnership with TANOE better positions it to revolutionize the SME sector through the provision of a thorough and holistic banking and non-banking business support. This is one of the many critical moves by the bank to ensure that clients and prospects are truly better off with them as their mantra boldly states.

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The SME Network is a non-profit initiative of The African Network of Entrepreneurs (TANOE) in partnership with City Investment Company Limited aimed at building a vibrant community of SMEs in Ghana and providing them with the requisite business support, advisory services, adequate financing and coaching.

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