Women’s Development Bank committee submits licence application to Bank of Ghana – Opoku-Agyemang

Vice President Prof. Naana Jane Opoku-Agyemang has announced that the committee tasked with establishing the Women’s Development Bank has completed its work and submitted a banking licence application to the Bank of Ghana for regulatory consideration.

She made the announcement at the 15th Ghana Economic Forum, organised by the Business & Financial Times.

The proposed bank was a key feature of the governing National Democratic Congress’s (NDC) 2024 election campaign.

Prof. Opoku-Agyemang said work towards establishing the institution had progressed, stressing the importance of involving women in shaping its operations.

“Work to establish the Women’s Development Bank has therefore progressed,” she said.

“My conviction has always been that an institution established to serve women must be shaped by the experiences, aspirations and everyday realities of those very women,” she added.

She said a dedicated committee was constituted to bring together market women, susu collectors, representatives of women’s business associations, financial sector professionals and other key stakeholders.

“I’m pleased that the committee has completed its work and through the Ministry of Finance, has submitted a banking licence application to the Bank of Ghana for the necessary regulatory consideration,” the Vice President said.

The application is now awaiting regulatory consideration by the central bank as the government advances plans to establish the Women’s Development Bank.

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