An application for a banking licence for the proposed Women’s Development Bank has been formally submitted to the Bank of Ghana, signaling a critical milestone towards making the institution operational.
The Vice President, Professor Jane Naana Opoku-Agyemang, revealed the update at the 15th Ghana Economic Forum (GEF 2026).
She explained that a dedicated committee charged with developing the bank had wrapped up its work and duly forwarded the application for regulatory consideration.
According to her, the committee drew membership from market women, susu collectors, representatives of women’s business associations, financial sector professionals, and other relevant stakeholders.
This inclusive approach was taken to guarantee that the final framework directly addresses the needs of the women it is built to serve.
“My conviction has always been that an institution established to serve women must be shaped by the experiences, aspirations and everyday realities of those very women,” she said.
Professor Opoku-Agyemang emphasised that the new bank is being structured as a last-mile financial service provider, aimed at bridging the gap between formal banking and female entrepreneurs who drive everyday trade across the country.
“This bank is not meant to be just another financial institution. It is conceived as a last-mile bank designed to bring financial services closer to the women whose enterprise and hard work sustain our markets and local economies,” she stated.
The Vice President delivered the announcement at the forum, which was held under the theme: “From Stabilization to Scale: Mobilizing Capital, Technology, and Policy for Ghana’s Next Industrial Wave.”
By: Rainbowradioonline.com/Ghana