Gov't applies for BoG licence to establish Women’s Development Bank

The Ministry of Finance has announced that the government has formally applied to the Bank of Ghana for a licence to establish the proposed Women's Development Bank. This development is a significant step towards achieving the government's goal of promoting women's economic empowerment and reducing the gender gap in access to financial services. The bank, once established, is expected to provide targeted financial services and support to women-led businesses and initiatives, thereby fostering economic growth and development in the country. According to the government, the Women's Development Bank will focus on providing affordable credit, savings, and other financial services to women, as well as promoting financial literacy and education. This initiative aligns with the government's commitment to promoting gender equality and empowering women to play a more active role in the country's economic development.