Story perspectives

Payaza Launches GH¢15M Fund to Boost Ghanaian SMEs

2/20/2025

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Summary

Story summary

Payaza has introduced a GH¢15 million SME Support Fund in Ghana to assist underfinanced SMEs with funding and digital infrastructure.
The fund provides credit based on transaction volumes without requiring collateral and offers free website creation for businesses.
Payaza plans to expand this support model across Africa, promoting financial inclusion and digital transformation for SMEs.
This initiative supports Ghana's economy, where SMEs account for 70% of GDP and employ a large workforce.

History

Historical Context

Payaza's GH¢15 million SME Support Fund echoes past initiatives like Ghana's 2020 Coronavirus Alleviation Program, which aimed to stabilize SMEs during crises. Both efforts highlight the critical role of SMEs in Ghana's economy, reflecting a growing recognition of their importance to national growth and resilience.

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Story summary

Payaza has introduced a GH¢15 million SME Support Fund in Ghana to assist underfinanced SMEs with funding and digital infrastructure.
The fund provides credit based on transaction volumes without requiring collateral and offers free website creation for businesses.
Payaza plans to expand this support model across Africa, promoting financial inclusion and digital transformation for SMEs.
This initiative supports Ghana's economy, where SMEs account for 70% of GDP and employ a large workforce.

1 / 2