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Finance Minister Dr. Cassiel Ato Forson has allocated GH¢401 million to the Women’s Development Bank to improve access to affordable financing for women entrepreneurs and small businesses across Ghana.
Presenting the 2026 Budget on Thursday, November 13, Dr. Forson emphasized that empowering women-owned enterprises is central to the country’s economic transformation agenda.
According to the Finance Minister, the Women’s Development Bank will play a key role in providing financial support to women in the informal and small-scale sectors. The fund will particularly benefit market women, traders, and small-scale manufacturers, including individuals Dr. Forson met during recent visits to the Takoradi Market Circle and Kotokoraba Market.
Beyond the Women’s Development Bank, the government is recapitalizing key financial institutions to strengthen the banking sector and support private investment. “We have recapitalized the National Investment Bank (NIB) and will recapitalize the Agricultural Development Bank (ADB) and the Consolidated Bank of Ghana (CBG) with GH¢1 billion before the end of 2025,” he said.
Dr. Forson explained that these measures aim to make credit more accessible to productive sectors such as agriculture, manufacturing, and trade, which employ a large portion of the population. He reaffirmed the government’s commitment to ensuring the 2026 Budget provides “real capital behind the private sector” to create jobs, expand businesses, and sustain livelihoods, particularly for women and youth.
