May 30, 2024

1. There used to be a women-owned financial institution in Ghana called Women’s World Banking (WWBG) Ghana Limited.

2. This bank was established and focused on providing financial services and products tailored to the needs of women entrepreneurs and business owners in Ghana.

3. Women’s World Banking Ghana Limited was part of the global Women’s World Banking network, which aims to increase financial inclusion and economic opportunities for women around the world.

4. Unfortunately, Women’s World Banking (WWBG) Ghana Limited was liquidated by the Akufo-Addo/Bawumia/NPP government as part of their so-called financial clean-up exercise in 2018.

5. Indeed, Government of Ghana should have treated WWBG differently and assisted it to recapitalise and reform. It was operating with a Savings & Loans license and could have been supported and restructured to continue serving its clientele instead of simply closing it down.

6. The closed down of WWBG has created a void that must be filled by setting up a new financial institution that is owned by women and will focus on the myriad of challenges that women-owned businesses face in accessing credit and financial resources generally.

7. This is why the visionary Nation Builder, H.E. John Dramani Mahama has promised to establish a National Women’s Bank under the next NDC government in 2025, which will be administered by women to support women-owned businesses. All customers and workers of this bank shall be women.

8. It is important to recognize the potential of women-owned businesses and provide them with the tools and opportunities they need to succeed.

9. The National Women’s Bank will create millions of decent and sustainable well-paying jobs for Ghanaians to address the problem of high unemployment confronting the nation.

The Electoral Commission of Ghana has confirmed 7th December, 2024 as a date for the general elections.

The December 7 polls have been declared as crucial for the ruling New Patriotic Party (NPP) and opposition National Democratic Congress (NDC).

Former president John Dramani Mahama who is the flagbearer of the NDC accused the ruling government of mismanaging the economy.

According to him, he will turn the economy around to bring relief to ordinary Ghanaians.