The Deputy Minister for Finance, Thomas Ampem Nyarko, has disclosed that the company established to operationalise the Women’s Development Bank has been successfully registered and is currently awaiting an operating licence from the Bank of Ghana before it can begin full operations.
According to him, government has already made substantial financial commitments towards the initiative, allocating GH¢51.3 million in 2025 and an additional GH¢450 million in the 2026 budget to support its implementation and expansion.
Speaking on the floor of Parliament on Tuesday, June 24, Mr Ampem Nyarko said significant preparatory work has been completed to pave the way for the establishment of the bank.
“The company WDB Ghana Limited has been registered; we are waiting for an operating licence from the Bank of Ghana to operationalise the Women’s Bank,” he told the House.
He explained that WDB Ghana Limited was incorporated on January 26, 2026, and that government has since applied to the Bank of Ghana for approval to commence operations.
“Mr Speaker, I can confirm that a lot of preparatory work has been done. On January 26, 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,” he stated.
Mr Ampem Nyarko assured Parliament that a comprehensive update on the project would be provided by the Finance Minister during the mid-year budget review in July.
He reiterated government’s commitment to the successful rollout of the Women’s Development Bank, describing it as a key intervention aimed at promoting financial inclusion and expanding economic opportunities for women and women-owned businesses across the country.
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