UBA Ghana: Empowering Trade and Supporting SMEs for Economic Growth

UBA Ghana continues to play a pivotal role in fostering seamless trade and driving economic growth through innovative financial solutions and support for Small and Medium-sized Enterprises (SMEs). By providing tailored services, the bank is empowering businesses to navigate cross-border trade and thrive in competitive markets.

Simplifying Trade Across Africa with UBA

UBA Ghana offers comprehensive trade services to support importers and exporters, ensuring smooth international transactions. Through UBA Afritrade, businesses can manage export proceeds collection and import bill payments effortlessly. Secure transactions are further guaranteed with Letters of Credit (LCs), providing businesses the confidence to work with unfamiliar suppliers.

“Our mission is to simplify trade processes and empower businesses to thrive across Africa. With solutions like UBA Afritrade and Letters of Credit, we are creating a secure and efficient framework for cross-border transactions,” said Uzoechina Molokwu, Managing Director and Chief Executive Officer of UBA Ghana.

Exporters also benefit from specialized solutions, including export financing and simplified payment tracking through export bills for collection.

Revolutionizing Cross-Border Payments with PAPSS

UBA Ghana is at the forefront of cross-border payment innovation with the Pan-African Payment and Settlement System (PAPSS). PAPSS enables instant, real-time transactions in local currencies across Africa, eliminating exchange rate risks, paperwork, and delays.

“UBA Ghana remains committed to providing innovative financial solutions like PAPSS to address the complexities of cross-border payments. This platform eliminates barriers, allowing businesses to trade more efficiently across the continent,” remarked Uzoechina Molokwu.

For example, businesses like Mansa’s, a Ghanaian importer trading with Nigerian suppliers, can now process payments instantly, ensuring timely delivery of goods and fostering confidence in cross-border trade.

Complementing PAPSS, UBA’s Africash and AfriTrade services extend seamless money transfer and trade collection solutions to 20 African countries.

UBA: Championing SME Growth in Ghana

Recognized as the SME Bank of the Year by the Ghana Credit Excellence Awards, UBA Ghana continues to empower SMEs through innovative products, strategic partnerships, and capacity-building initiatives.

Tailored Financial Solutions and Access to Capital

UBA provides SMEs with tailored financial products, including working capital financing, term loans, and overdraft facilities. These solutions enable SMEs to expand operations, acquire assets, and explore new ventures.

“SMEs are the backbone of Ghana’s economy, and at UBA, we are proud to support their growth through flexible financial products and strategic partnerships. Our aim is to empower them to succeed and drive economic transformation,” said Uzoechina Molokwu.

Strategic Partnerships for Growth

Through collaborations with the African Continental Free Trade Area (AfCFTA) and the United Nations Development Programme (UNDP), UBA supports youth and women-led businesses, ensuring they have the tools to scale operations, create jobs, and boost sustainability. The bank has dedicated USD6B to support lending to SMEs on the African continent, offering favorable rates for women-led or owned businesses.

Capacity Building and Advisory Services

UBA offers financial advisory and capacity-building programs, equipping SMEs with essential knowledge in financial management and business expansion strategies.

“Our commitment extends beyond financing. We aim to equip SMEs with the skills and tools they need to thrive in today’s dynamic business environment. We therefore support SMEs through training and advisory services to ensure they remain a going concern at all times” added Uzoechina Molokwu.

Driving Economic Development

UBA’s commitment to innovation and excellence positions it as a trusted partner for businesses across Ghana and Africa. By simplifying trade, supporting SMEs, and driving strategic collaborations, UBA Ghana continues to contribute to economic growth and regional integration.

“At UBA, we believe in Africa’s potential and are dedicated to building bridges that connect businesses, families, and economies across the continent. In the year 2025 and beyond, we remain your closest trusted partner in financial services” concluded Uzoechina Molokwu.

UBA …. Africa’s global bank.