Vice President Nana Jane Opoku-Agyemang is leading a transformative initiative aimed at bridging the gender gap in finance through the establishment of the Women’s Development Bank. The bank, a key campaign promise, is designed to provide financial support and capacity-building opportunities for women entrepreneurs across Ghana.
Speaking on State of Affairs with Joshua Kodjo Mensah, Ama Pratt, Press Secretary and Spokesperson to the Vice President, emphasized that this initiative goes beyond traditional banking.
“This bank is not just for women; it is being built with women. It is designed to make them active stakeholders in deciding how funds are generated, disbursed, and repaid,” she explained.
The government has already allocated GHC 51 million as seed capital, with a long-term goal of raising GHC 400 million to fully operationalize the bank. While acknowledging that the initial funding is not sufficient to establish a full-fledged financial institution, Pratt noted that it is a crucial step toward laying the foundation for a bank tailored to women’s economic needs.
“This allocation shows a strong commitment to the vision. The focus is on creating a financial institution that serves women at all levels; small business owners, traders, and professionals ensuring they have access to the resources needed to thrive,” she said.
The Women’s Development Bank will not only provide loans but also offer financial literacy training and capacity-building programs to empower women to manage and grow their businesses. According to Pratt, this holistic approach is essential in addressing the financial barriers that have long hindered women’s economic progress.
Vice President Opoku-Agyemang’s passion for women’s empowerment is deeply rooted in her leadership philosophy. Pratt recalled how, even before her entry into frontline politics, the Vice President advocated for practical solutions to development challenges. “She has always believed that economic transformation starts from the grassroots. She would often say that sometimes all it takes is fixing the small things, like hiring local artisans to repair school furniture instead of waiting for new supplies. That same pragmatic approach is what she is bringing to this initiative,” Pratt said.
Beyond finance, the Vice President is engaging women’s groups, trade associations, and financial experts to ensure that the bank’s policies align with the realities of its beneficiaries. Pratt described this as a critical step in making the institution more inclusive and responsive to the needs of Ghanaian women.
“The Women’s Development Bank will be a game-changer. It’s a clear signal that this administration is serious about women’s financial independence and economic growth,” she concluded.
Emmanuel Mensah
Vice President Nana Jane Opoku-Agyemang is leading a transformative initiative aimed at bridging the gender gap in finance through the establishment of the Women’s Development Bank. The bank, a key campaign promise, is designed to provide financial support and capacity-building opportunities for women entrepreneurs across Ghana.
Speaking on State of Affairs with Joshua Kodjo Mensah, Ama Pratt, Press Secretary and Spokesperson to the Vice President, emphasized that this initiative goes beyond traditional banking.
“This bank is not just for women; it is being built with women. It is designed to make them active stakeholders in deciding how funds are generated, disbursed, and repaid,” she explained.
The government has already allocated GHC 51 million as seed capital, with a long-term goal of raising GHC 400 million to fully operationalize the bank. While acknowledging that the initial funding is not sufficient to establish a full-fledged financial institution, Pratt noted that it is a crucial step toward laying the foundation for a bank tailored to women’s economic needs.
“This allocation shows a strong commitment to the vision. The focus is on creating a financial institution that serves women at all levels; small business owners, traders, and professionals ensuring they have access to the resources needed to thrive,” she said.
The Women’s Development Bank will not only provide loans but also offer financial literacy training and capacity-building programs to empower women to manage and grow their businesses. According to Pratt, this holistic approach is essential in addressing the financial barriers that have long hindered women’s economic progress.
Vice President Opoku-Agyemang’s passion for women’s empowerment is deeply rooted in her leadership philosophy. Pratt recalled how, even before her entry into frontline politics, the Vice President advocated for practical solutions to development challenges. “She has always believed that economic transformation starts from the grassroots. She would often say that sometimes all it takes is fixing the small things, like hiring local artisans to repair school furniture instead of waiting for new supplies. That same pragmatic approach is what she is bringing to this initiative,” Pratt said.
Beyond finance, the Vice President is engaging women’s groups, trade associations, and financial experts to ensure that the bank’s policies align with the realities of its beneficiaries. Pratt described this as a critical step in making the institution more inclusive and responsive to the needs of Ghanaian women.
“The Women’s Development Bank will be a game-changer. It’s a clear signal that this administration is serious about women’s financial independence and economic growth,” she concluded.
