Women’s Development Bank Licence Application Submitted for Bank of Ghana Review
Vice-President Naana Jane Opoku-Agyemang says a banking licence application has been submitted for the proposed institution.
Ghana's proposed Women's Development Bank has reached a new regulatory stage, with its banking licence application submitted to the Bank of Ghana for consideration.
Vice-President Naana Jane Opoku-Agyemang said a committee involving market women, susu collectors, business associations and financial-sector professionals completed its preparatory work. The application was submitted through the Ministry of Finance.
The planned institution is intended to improve access to financial services for women entrepreneurs, traders and smaller businesses. Submission of an application is not the same as regulatory approval: the proposed bank is not yet licensed or operating on the basis of this announcement.
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