Constance Elizabeth Swaniker and Kwabena Boateng holding the signed MoU
Fidelity Bank Ghana and the Design & Technology Institute (DTI), a leading privately accredited TVET institution, have signed a Memorandum of Understanding (MoU) to train, mentor, and provide affordable funding for youth and female-led enterprises who have completed DTI’s Precision Quality (PQ) training programme.
The MoU, signed at Fidelity Bank’s head office in Ridge, Accra, sets forth a three-year framework for cooperation. Under the agreement, Fidelity Bank will extend its inclusive banking and sustainable finance products—particularly through its flagship Fidelity Young Entrepreneurs Initiative (FYEI)—to eligible entrepreneurs identified and trained by DTI. In turn, DTI will provide a curated list of trained candidates who have demonstrated the potential to grow their businesses. Both parties will jointly organise capacity-building workshops and seminars, offering mentoring opportunities to ensure continuous monitoring and evaluation of the progress of funded entrepreneurs.
Reflecting on the importance of the partnership, Constance Elizabeth Swaniker, Founder and President of DTI, said, “as a business owner myself, I know the daunting challenge of accessing capital in Ghana. My journey, from Accent & Arts to DTI, began with a small seed capital from my mother. This partnership with Fidelity Bank is about creating opportunities I didn’t have—opportunities for youth entrepreneurs, especially women, who often face unique barriers in accessing capital.”
Kwabena Boateng, Deputy Managing Director, Wholesale Banking, Fidelity Bank Ghana, emphasised the bank’s commitment to fostering a vibrant entrepreneurial ecosystem.
“Every year, Ghana produces a wealth of talented young people with incredible ideas. But often, they lack the resources and support to turn those ideas into thriving businesses. By partnering with DTI, we are leveraging their expertise in precision training with our ability to provide funding, to create a powerful engine for economic growth. We aim to shorten the journey to scale up, nurture their growth, and build a stronger foundation for Ghana’s future,” he said.
Head of Partnerships, Sustainability & CSR at Fidelity Bank, Nana Yaa Afriyie Duodu Ofori-Koree, stated, “This partnership is a catalyst for change. By empowering youth and female-led enterprises and unlocking access to concessionary capital, we are shaping a sustainable future that will transform Ghana’s business landscape.”
A business desk report