Ghana news briefing
Gov’t deposits GH¢400 million capital as Women’s Development Bank set to begin operations this year
Finance Minister Dr Cassiel Ato Forson has announced that the government has made significant progress towards establishing the Women's Development Bank, revealing that the Ministry of Finance has deposited GH¢400 million as the institution's initial capital and expects it to begin full operations before the end of the year.
Speaker, in fulfilment of the capital requirement for licensing, the Ministry of Finance has deposited an amount of GH¢400 million into an account with the Bank of Ghana as the initial capital for the Women's Development Bank.
The Finance Minister disclosed that the government has already fulfilled the capital requirement for licensing by depositing GH¢400 million with the central bank.
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