From Survival to Scale: How fintech apps are rewiring Ghana’s MSME economy
Ghanaian fintech platforms like iSmart and Korba are creating digital systems to support small businesses. Micro, small, and medium enterprises in the country face a financing gap of 4.8 billion dollars. More than 90 percent of these businesses cannot access formal credit. These new platforms aim to provide the necessary financial rails for the economy. They are targeting the business sector that acts as the backbone of the national economy.
With a $4.8 billion financing gap and over 90% of small businesses locked out of formal credit, a new generation of Ghanaian fintech platforms is building the digital rails that keep the economy’s backbone moving, and iSmart and Korba are showing how it’s done. Ghana’s micro, small, and medium enterprises (MSMEs) are not just a […]