President John Dramani Mahama has announced that the establishment of the Women’s Development Bank is progressing steadily, with final preparations underway to operationalize the initiative.
Speaking during his national address marking the completion of his administration’s 120-day Social Contract, the President stated, “We are finalizing working structures and details will be made public soon.”
He emphasized that the bank will be a critical tool for empowering women entrepreneurs and enhancing economic inclusion across the country.
The Women’s Development Bank is one of the key deliverables under the 120-day governance pact and received a budgetary allocation of GH₵51.3 million in the 2025 fiscal year.
The initiative seeks to support women-led enterprises, increase access to finance, and bridge gender gaps in the entrepreneurial ecosystem. President Mahama’s announcement comes amid broader reforms aimed at building an inclusive economy through targeted policy interventions, including tax expansion, SOE governance, and public financial management improvements recommended during the National Economic Dialogue.
As the 120-day contract officially expires, President Mahama used the occasion to reflect on the milestones achieved since his inauguration on January 7, 2025.
