Fidelity Bank Ghana Embarks on Integrated Approach to Supporting Young Businesses

Strategic Insights -

Fidelity Bank Ghana has announced a comprehensive initiative to support young businesses, blending access to capital, technical assistance, and intentional gender inclusion. The bank, led by Deputy Managing Director Kwabena Boateng, is partnering with European institutions and development finance agencies to provide up to £50,000 in grants and concessional loans to entrepreneurs. The Orange Corners Innovation Fund, a collaboration with the EU and the Netherlands Enterprise Agency, offers a unique mix of financial and non-financial support to help entrepreneurs grow sustainable ventures.

Key Takeaways:

  • Fidelity Bank Ghana is pursuing an integrated approach to supporting young businesses, combining access to capital, technical assistance, and intentional gender inclusion.
  • The bank is partnering with European institutions, such as the EU and the Netherlands Enterprise Agency, to provide up to £50,000 in grants and concessional loans through the Orange Corners Innovation Fund.
  • The initiative includes flagship programs such as the Orange Summit, the Fidelity Young Entrepreneurs Initiative, and the Orange Market, a curated retail platform connecting entrepreneurs with customers.
  • Fidelity Bank's entrepreneurship strategy is deliberately tailored to reach women-led businesses, offering concessional interest rates, reduced collateral requirements, and targeted business support.
  • In the past 18 months, the bank's partnership with the Mastercard Foundation has delivered GHS 57 million in financing, created 12,000 new jobs, sustained 11,300 others, and supported over 21,000 smallholder farmers.
  • Fidelity Bank has taken steps to entrench gender equality in its operations, working with Accion, the Coca-Cola Foundation, and Value for Women to implement a gender action plan.

Statistics:

  • £50,000: the maximum amount of grants and concessional loans offered through the Orange Corners Innovation Fund.
  • 5%: the interest rate for concessional loans offered to entrepreneurs through the Orange Corners Innovation Fund.
  • 7%: the interest rate for concessional loans offered to entrepreneurs through the Mastercard Foundation program.
  • 18 months: the duration of the partnership between Fidelity Bank and the Mastercard Foundation, which has delivered GHS 57 million in financing.
  • GHS 57 million: the amount of financing delivered through the partnership between Fidelity Bank and the Mastercard Foundation.
  • 12,000: the number of new jobs created through the partnership between Fidelity Bank and the Mastercard Foundation.
  • 11,300: the number of jobs sustained through the partnership between Fidelity Bank and the Mastercard Foundation.
  • 21,000: the number of smallholder farmers supported through the partnership between Fidelity Bank and the Mastercard Foundation.
  • 20%: the reduced collateral requirements offered to entrepreneurs through Fidelity Bank's programs.

Sources:

  • Ghana News Agency (2025) - Fidelity Bank Ghana says it is pursuing an integrated approach to supporting young businesses
  • Fidelity Bank Ghana (2025) - Deputy Managing Director Kwabena Boateng's statement at the 2025 Ghana-European Union Business Forum
  • Orange Corners Innovation Fund (2025) - Fidelity Bank's partnership with the EU and the Netherlands Enterprise Agency