Finance Minster Dr. Cassiel Ato Baah Forson has announced that the government has allocated GH¢401 million to the Women’s Development Bank.
He disclosed this when he presented the 2026 budget statement on Thursday, November 13, 2025.
The amount is in addition to the seed capital of GH¢51.3 million allocated to the Women’s Development Bank in 2025.
He explained that the allocation is part of the government’s broader strategy to crowd in private finance, strengthen inclusive growth, and empower women entrepreneurs as key drivers of job creation and innovation.
“Mr Speaker, to crowd-in finance for women-owned MSMEs, we are providing another GH¢401 million to the Women’s Development Bank,” he said.
The bank is set to remove barriers such as collateral and equity requirements that have hindered women from securing funding from traditional banks.
The bank is expected to provide flexible financial solutions tailored to the needs of women in small and medium enterprises, enabling them to expand.
By: Rainbowradioonline.com/Ghana
