Cassiel Ato Forson
Government has deposited GH¢400 million as initial capital for the proposed Women’s Development Bank and says the institution is expected to begin full operations before the end of 2026.
The update was contained in the 2026 Mid-Year Fiscal Policy Review presented to Parliament by Finance Minister, Cassiel Ato Forson.
According to the Minister, the Women’s Development Bank was formally incorporated on 26th January 2026 as WDB GH LTD.
Following the incorporation, the government submitted an application to the Bank of Ghana for the requisite banking license to enable the bank to commence operations.
Capital Requirement Met
To meet the licensing capital requirement, he said the Ministry of Finance has deposited GH¢400 million into an account with the Bank of Ghana as seed capital for the new bank.
Officials said the deposit fulfills a key condition for regulatory approval.
Dr. Forson said the Women’s Development Bank is being established to expand access to finance for women entrepreneurs, traders and SMEs, and to support women-led businesses across the country.
The review stated that the bank is expected to commence full operations before the end of the year, subject to final approval from the Bank of Ghana.
The announcement forms part of government’s broader agenda under “Resetting for Growth, Jobs, and Economic Transformation,” with a focus on financial inclusion and job creation.
A Daily Guide Report