V.P. Jane Naana Drops Big Announcement On Women’s Development Bank

According to a report by Ghanaian Citizen TV on Wednesday November 11, 2026, Vice President Professor Jane Naana Opoku-Agyemang has announced that the proposed Women’s Development Bank has formally applied to the Bank of Ghana for a banking licence, marking an important step towards the establishment of the financial institution.

The announcement signals progress in efforts to establish a dedicated banking institution aimed at addressing the financial needs of women and improving their access to financial services and economic opportunities.

According to the Vice President, the Women’s Development Bank has submitted its application to the Bank of Ghana, the country’s central banking regulator, as part of the process required to obtain authorisation to operate as a licensed financial institution.

The application now places the proposed bank within the regulatory approval process, during which the Bank of Ghana is expected to assess the submission in accordance with the country’s banking laws and licensing requirements.

The development is expected to attract attention from women entrepreneurs, business owners, traders and other groups interested in initiatives designed to improve women’s participation in the financial sector.

The proposed institution is part of broader efforts to create opportunities for women who encounter difficulties accessing affordable financing and other financial services needed to expand their businesses and improve their livelihoods.

Access to credit remains an important issue for many women engaged in small-scale businesses and entrepreneurial activities.

A specialised financial institution could provide an additional avenue for addressing some of the challenges associated with financing and business development, subject to its approved operational framework.

Professor Jane Naana Opoku-Agyemang’s announcement is therefore likely to generate expectations among prospective beneficiaries, particularly women seeking improved access to financial support for their economic activities.

However, the submission of the application does not automatically mean that the bank has received permission to commence operations.

The institution will have to satisfy the Bank of Ghana’s regulatory requirements before it can officially operate as a licensed bank.

The announcement represents a significant development in the process of establishing the Women’s Development Bank, with further attention expected to focus on the regulatory approval process and the institution’s eventual commencement of operations.

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