GH¢400m released for Women's Development Bank capitalisation

The Finance Minister, Dr Cassiel Ato Forson, has announced that the government has transferred GH¢400 million to an escrow account at the Bank of Ghana as the capitalisation amount for the proposed Women's Development Bank.

Welcome The Vice-President welcomed progress towards establishing the Women's Development Bank, describing it as a major step towards promoting inclusive economic growth and expanding access to finance for women-owned micro and small businesses.

Dr Forson explained that the next phase of the process to set up the Women’s Development Bank involved constituting the bank's governing structures, including the appointment of a board of directors and a management team, both of which formed part of the central bank's licensing requirements.