Accountable structures, data key to accessing loans
Pearl Nkrumah (right), Executive Director, Retail and Digital Banking, Access Bank Ghana Plc, delivering her speech at the Graphic Business/Access Bank SME Fair

Accountable structures, data key to accessing loans

SMEs have been tasked to adhere to proper book keeping practices to increase their chances of accessing loans easily.


The Executive Director for Retail and Digital Banking of Access Bank Ghana, Pearl Nkrumah, who made the call, said in many instances, banks were willing to give out loans to small businesses but such applicants did not have proper documentation to support the claim that they had the capacity to service the loans. 

She cited poor record keeping, and data gathering as some of the bottlenecks affecting bank’s ability to easily trust businesses in giving out loans to them. 

She was responding to a question posed by an entrepreneur at the Graphic Business-Access Bank SME clinic in Accra on Dec 7.


Over 150 exhibitors and merchants displayed their products, wares and services to the public at a fair which was launched three years ago to support SME development by Graphic Business and Access Bank.

The two-day fair, was on the theme, “Running sustainable business in a challenging economic landscape”.

Pearl Nkrumah, revealed that her outfit had been training persons in SMEs, the essence of proper book keeping to make them access finance easily at her outfit.

She revealed that Access Bank had the liquidity to readily provide for SMEs but the lack of proper date ???, record keeping and accountable structures hindered the securing of loans by majority of those in the SME business.

“We need action and resolve to build a trust and accountability relationship with our customers, such actions and resolutions entail digitisation, building a cheap portal to sync stock management into the businesses of SMEs to ensure investor readiness, printing receipts electronically and teaching and ensuring SMEs inculcate tools that is in sync with modern trends into their businesses,” she stated.


A Finance Information Systems lecturer at the University of Professional Studies, Accra,  Professor Samuel Lartey, in his keynote address at the SME clinic challenged entrepreneurs, including owners of Small and Medium Scale Enterprises (SMEs) to consider monetising and commercialising their knowledge for effective maximisation of their talent.

He tasked entrepreneurs to make sound judgements for their businesses to thrive and continue to remain in business.

“An entrepreneur must deliberately ask three questions: What must I stop doing to become a better business person or entrepreneur, What must I start doing to make me a better entrepreneur and What must I continue doing?, “ he stated at the opening of the second edition of the Graphic Business-Access Bank SME Fair at the Accra Metropolitan Assembly.

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