Business News of Wednesday, 13 June 2018
Source: Universal Merchant Bank
Universal Merchant Bank in partnership with accounting firm, KPMG, held the first in a three-part training seminar at the UMB Centre for Businesses in Kasoa for their SME clients within the Kasoa business enclave on June 11, 2018.
The session was to train and empower them in best business practices ranging from bookkeeping, tax compliance for SME’s in Ghana, corporate governance and succession planning, amongst other relevant business subject matters.
The one-day seminar was attended by about 30 select clients from different segments of the SME sector.
The second and third SME training seminar will be held at the UMB Centre for Businesses in Madina and Kumasi on June 25 and July 16, respectively, for SME clients in and around those business areas. The business training seminar included a combination of technical sessions, addresses and case studies through interaction with the participants and practical training.
The interactive sessions, facilitated by KPMG and UMB, focused on building robust succession plans, keeping reliable accounting records, increasing job opportunities, reforming their governance structure and etc., that will help in ensuring business continuity and scalability as well as making them viable for financing from universal banks and achieving overall growth in their businesses.
The seminar was an opportunity for the bank to discuss concerns and suggestions by the participants. It also enabled the exchange of ideas, thoughts and expertise regarding setting up and running a successful small and medium scale enterprise. Participants welcomed the opportunity to exchange views on business strategies with the seminar facilitators and business peers.
UMB Bank (UMB) is a full-service financial institution specializing in customized banking products and services. UMB opened on March 15, 1972, and is a leading Ghanaian indigenous bank with considerable financial expertise. UMB is recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. UMB currently has 36 branches, 3 UMB Centres for Businesses, 1 UMB PPP Incubator Centre and a vast network of ATMs.