Financial inclusion is not the same as financial empowerment for women – Sheila Minkah-Premo

Speaking at the Young African Women Congress (YAWC) Annual Global Convocation on Tuesday, July 29, Ms Minkah-Premo acknowledged Ghana's progress in expanding financial inclusion through mobile money and digital financial services but cautioned that access to financial products alone does not guarantee economic empowerment.

The rapid growth of mobile money agency banking and digital financial services enabled millions of women to access financial services that were previously beyond their reach, increasing the numbers of women now who now possess bank accounts, mobile wallets, and access to digital payment systems.” She argued that the next phase of women's economic empowerment must focus on equipping women with the knowledge and resources needed to transform financial access into wealth.