Former President John Mahama has called for the establishment of a women’s bank in Ghana to empower women economically. He believes that such a bank would provide financial services specifically tailored to meet the needs of women, including affordable credit and loans. Mahama highlighted the importance of women’s economic participation and empowerment in driving national development. He referenced successful women’s banks in other countries and underscored the need for Ghana to follow suit. Mahama also mentioned the potential positive impact of a women’s bank on reducing poverty and promoting gender equality.
There are several potential benefits to building a national women’s bank in Ghana to support businesses owned by women. Some of these benefits include:
1. Economic empowerment: A women’s bank could provide financial resources and support to women entrepreneurs, helping them to grow and expand their businesses. This could lead to increased economic empowerment for women in Ghana.
2. Gender equality: By specifically targeting women-owned businesses, a national women’s bank could help to address gender inequalities in access to financial services and support.
3. Job creation: Supporting women-owned businesses could lead to the creation of new jobs and opportunities for women in Ghana, contributing to overall economic growth and development.
4. Poverty reduction: By empowering women to succeed as entrepreneurs, a women’s bank could help to reduce poverty and improve the livelihoods of women and their families.
5. Economic growth: Supporting women-owned businesses could contribute to overall economic growth and development in Ghana, as well as promote diversity and innovation in the business sector.
Overall, building a national women’s bank in Ghana to support businesses owned by women could have a range of positive impacts on the economy, society, and the lives of women in the country.
Rebecca Anoon
Deputy Women’s Organiser
UK and Ireland Chapter
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