Richard Ahiagbah, the New Patriotic Party’s (NPP) director of communications, has declared that the Women’s Development Bank is dead on arrival.
He contends that the GHS 51.3 million allotted for the bank’s establishment is dreadfully insufficient to launch a bank in Ghana.
A major campaign pledge of the National Democratic Congress (NDC) before the general elections of 2024, the bank aims to empower women-owned businesses by offering financial support and promoting economic empowerment.
In a post on his X page, Ahiagbah said “Women’s Development Bank is dead on arrival because the allocated GHS 51.3 million can not establish a bank in Ghana. Women are not a priority for the John Mahama Administration.. Unfulfilled Promise.”
In his presentation of the 2025 Budget Statement to Parliament on Tuesday, March 11, Finance Minister Dr. Cassiel Ato Forson stated that GH¢51.3 million has been set aside by the government for the creation of the Women’s Development Bank.
Dr Cassiel Ato Forson said: “Mr. Speaker, we have also allocated GH¢51.3 million as seed fund for the establishment of the Women’s Development Bank.”
