President John Dramani Mahama has announced the establishment of a Women’s Development Bank aimed at providing women-owned businesses with low-interest loans and tailored financial services.
The move is to empower women in the business sector, the President said in his State of the Nation Address (SONA) delivered on Thursday, February 27, 2025.
Mr. Mahama told Parliament that establishing the bank is part of the government’s broader commitment to gender equity and is expected to revolutionise financial support for women entrepreneurs across Ghana.
He said that the Women’s Development Bank would play a crucial role in empowering women by offering financial tools designed specifically to support their businesses.
The bank will provide low-interest loans and flexible terms to help women overcome financial barriers and boost their entrepreneurial endeavours, he said.
“The Women’s Development Bank will be a game-changer for women-led businesses, providing them with the financial tools they need to thrive.’’
The president further revealed that consultations for the bank’s launch are already underway, with plans for the finance ministry to allocate initial funding in the upcoming budget presentation as part of the government’s 120-day social contract.
By: Rainbowradioonline.com/Ghana
