Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, says the proposed Women’s Development Bank will provide low-interest financing, flexible collateral requirements, and tailored business support for women-led enterprises.
Speaking at the 2026 Ghana Female CEO Summit, the minister described the initiative as a major economic intervention aimed at positioning women-owned businesses for expansion and job creation.
“As such today, the 2026 national budget has allocated 401 million Ghana cedis to capitalize this institution,” she revealed.
According to her, the bank is being established because many traditional financial institutions have failed to adequately serve women entrepreneurs.
She explained that the Women’s Development Bank will provide low-interest credit, flexible collateral requirements, mentorship, and business development support tailored specifically to women and women-led enterprises.
Elizabeth Ofosu-Adjare argued that increasing women’s participation in business and trade is critical to Ghana’s economic transformation, noting that women remain one of the country’s most underutilized economic assets.
