Accra, July 31, GNA – Absa Bank Ghana Limited in partnership with Mastercard Foundation has invested more than GHS 1.1 billion in support of 5,700 Small and Medium Enterprises (SMEs) in the country through its Absa Young African Works (AYAW) programme from 2020 to date.

They have also trained over 6,000 SMEs, including smallholder farmers and in the process created jobs for more than 24,000 young Ghanaians in the sector.

Madam Audrey Abakah, Director of SMEs, Agency Banking and Partnerships at Absa Bank Ghana, disclosed this to the media after a field tour of some of the SMEs that had received financial support from the Bank.

In October 2020, Absa Bank Ghana partnered with the Mastercard Foundation to implement the AYAW project to create 50,000 decent jobs for young men and women by empowering SMEs through the provision of entrepreneurial skills training and collateral-free business loans at 10 per cent interest rate.

The five-year programme, 2020-2025, has been instrumental in job creation and providing entrepreneurial support, particularly in underserved sectors and communities.

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