The Deputy Finance Minister, Thomas Nyarko Ampem, has disclosed that the government is awaiting the Bank of Ghana (BoG) licence to operationalise the Women’s Development Bank.
According to Thomas Nyarko Ampem, the company WDB Ghana Limited has been incorporated, and the government has subsequently applied to the Bank of Ghana for the licence.
He further disclosed that the Finance Minister in the 2026 mid-year fiscal policy review schedule for next month will provide more updates on the Women Development Bank.
Speaking on the floor of parliament, the Deputy Finance Minister, Thomas Nyarko Ampem, detailed, “As the honourable member confirmed, GHS 51 million was allocated for this intervention in 2025. In addition, the government in the 2026 budget set aside GHS 450 million for this initiative”.
“I can confirm that a lot of preparatory work has been done. On the 26th of January 2026, the company WDB Ghana Limited was incorporated. The government has subsequently applied to the Bank of Ghana for the licence to operate the Women’s Development Bank”.
“I wish to assure the House, the Honourable Members, that the Minister for Finance will give a full update on this intervention as part of the mid-year fiscal policy review schedule for next month, July”.
Meanwhile, President John Mahama has said that his government’s flagship Women’s Development Bank is in the final stages.
According to John Mahama, the Women’s Development Bank had been under the leadership of Vice President Jane Naana Opoku-Agyemang.
He highlighted that when women succeed, families thrive, and nations prosper.
Speaking in his address on Ghana’s 69th Independence Day Anniversary Celebration National Parade at the Forecourt of the Presidency in Accra, John Mahama stated, “Our women entrepreneurs have historically been the backbone of Ghana’s informal economy, and yet too many of them face barriers to affordable credit”.
“This Women’s Development Bank will provide accessible financing, mentorship, and business support that is tailored to women-led enterprises.”
“Women of Ghana are committed to investing so that you realise your full potential. Ghana’s destiny is inseparable from Africa’s destiny.”
Meanwhile, Dr Joshua Jebuntie Zaato, a Political Science Lecturer at the University of Ghana, has slammed the John Mahama government over its failure to deliver the 24-Hour Economy Initiative and the Women’s Development Bank.
The Political Science Lecturer criticised the NDC government for the way and manner in which it is going about its flagship programs.
According to Dr Zaato, the 24-Hour Economy Initiative is still a mirage, and the Women’s Development Bank is a scam.
Speaking on TV3 Key Points, Dr Joshua Jebuntie Zaato stated, “The 24-hour economy is still a mirage, the Women Development Bank is a scam, that is why these issues (unemployment) are escalating”.
Watch the video below:
Women Development Bank: WDB GH LTD registered, awaiting Bank of Ghana licence to operationalise Women’s Bank – Deputy Finance Minister.#JoyNews pic.twitter.com/nKBzi3lDGo
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