President John Dramani Mahama has revealed that Vice President Prof Jane Naana Opoku-Agyemang is expected to present a formal resolution on the government’s Women’s Development Bank policy at the next Cabinet meeting as preparation underway to establish the institution.
Speaking during a citizens’ engagement held at Ndewura Jakpa Senior High School in the Savannah Region on Saturday, May 23,2026, President Mahama said the government is making progress toward fulfilling one of its key flagship promises aimed at empowering women, particularly market women and small-scale entrepreneurs across the country.
According to the President, the Vice President will present a Cabinet report on the proposed bank, outlining the necessary framework and progress made so far toward establishing the specialised financial institution.
“Work is progressing very fast. Indeed, at the next Cabinet meeting, the Vice President is supposed to table the resolution on the Women’s Development Bank. She will be giving a Cabinet report on the Women’s Development Bank.”
President Mahama explained that the creation of a financial institution involves several regulatory and administrative processes that must be carefully followed to ensure the bank is properly established in accordance with Ghana’s banking laws and financial regulations.Ghana travel guide
“The thing is, for financial institutions, you don’t just get up and set up a financial institution. You have to go through a process, and that process is supervised by the Bank of Ghana to make sure that you set it up properly.”
The President further disclosed that the government has already secured significant financial backing for the project, revealing that a seed capital of GH¢450 million has already been allocated and is currently awaiting the official commencement of the bank.
