Delese Mimi Darko (5th left) and Nana Esi Idun-Arkhurst with other staffs of the two institutions in a group photograph
FIDELITY BANK Ghana and the Food and Drugs Authority (FDA) have formalised their dedication to promoting a collaborative environment conducive to the growth and regulatory compliance of small and medium-sized enterprises (SMEs).
The two institutions achieved this through the signing of a Memorandum of Understanding (MoU) on November 1, 2023.
Within this significant agreement, the two organisations have delineated multiple areas of collaboration, with a primary focus on technical support, training, and shared expertise aimed at enhancing the capabilities of SMEs associated with Fidelity Bank.
The beneficiaries would include youth and women entrepreneurs participating in the Fidelity Young Entrepreneurs Initiative (FYEI).
The partnership encompasses cooperative efforts to exchange technical knowledge, conduct educational workshops, and advocate best practices to ensure adherence to regulatory standards.
Concurrently, Fidelity Bank will lead awareness campaigns, conduct initial screenings of applications, and provide essential support for regulatory compliance, thus ensuring the smooth disbursement of funds to SME clients.
Divisional Director, Retail and Business Banking at Fidelity Bank, Nana Esi Idun-Arkhurst, commented, “This collaboration signifies a significant milestone in our commitment to empowering SMEs and promoting regulatory compliance. We eagerly anticipate working closely with the FDA to ensure the sustainable growth and success of our clients.”
Dr. Delese Mimi Darko, Chief Executive Officer of the FDA Ghana, stressed the importance of such partnerships, saying, “Our collaboration with Fidelity Bank underscores our shared dedication to fostering a compliant business environment. By combining our strengths, we can create a conducive platform for the growth and success of SMEs in Ghana.”
A business desk report