National Democratic Congress (NDC) communications team member, Anny Araba Sedufia, has indicated that the proposed Women’s Development Bank will adopt a phased approach to loan disbursement to enable more women to benefit from its financial support programme.
Speaking to Tutuwaa Danso on The Verdict on Starr FM, Araba Sedufia explained that the arrangement would allow an initial group of beneficiaries to access loans and make repayments before additional groups are considered.
She said the phased approach was necessary to ensure the sustainability of the lending programme and allow funds to reach more women over time.
“When it comes to loans, you have to give one subset, wait for some of them to even pay back to be able to give another set,” she said.
Ms Sedufia maintained that the approach would allow the programme to gradually extend its reach across different regions rather than attempting to provide loans to everyone at once.
She also cited existing financial support initiatives for women, including soft loans that have benefited some women, as evidence that the government’s efforts towards women’s economic empowerment were already underway.
She expressed confidence that the initiative would eventually benefit more women, adding that the government was working towards establishing a sustainable financial system capable of supporting beneficiaries over the long term.
Anny Araba Sedufia further urged Ghanaians to pay attention to the Finance Minister’s upcoming budget presentation, which she said would provide further insight into the government’s plans for the next phase of its economic agenda.
Story By Pamela Quayson
