President John Dramani Mahama says the Women’s Development Bank is in the final stages of setting up to provide financial and business support for women-led enterprises in Ghana.

Delivering the national address during the celebration on March 6, 2026, at the Jubilee House in Accra, the President said the initiative is aimed at addressing the persistent challenge of limited access to affordable credit for women entrepreneurs.

“We are in the final stages of setting up the Women’s Development Bank. This work has been under the leadership of our hardworking Vice President, Jane Naana Opoku-Agyemang.”

He noted that women have long played a critical role in Ghana’s informal economy but continue to face significant financial barriers.

“Our women entrepreneurs have historically been the backbone of Ghana's informal economy, and yet too many of them face barriers to affordable credit.”

According to President Mahama, the bank will offer accessible financing, mentorship and business development support tailored specifically for women-led businesses.

“This Women’s Development Bank will provide accessible financing, mentorship and business support that is tailored to women-led enterprises.”

He added that empowering women economically will have broader benefits for families and communities.

“When women succeed, families thrive and nations prosper.”

Touching on continental development, the President said Ghana’s future is closely linked to the progress of Africa.

“Ghana’s destiny is inseparable from Africa’s destiny. Today, Africa is home to over 1.4 billion people and possesses the youngest workforce in the world.”

He also highlighted the importance of the African Continental Free Trade Area headquartered in Accra, describing it as one of the most ambitious economic integration projects in history.

“A unified market for African goods and services, a platform for African innovation, and a foundation for Africa’s economic sovereignty.”

As Ghana prepares to mark its 70th Independence anniversary next year, President Mahama called on citizens to renew their commitment to national development.

“A Ghana where no child will go to bed hungry, where education is accessible and empowering, where healthcare is affordable and accessible, and where merit—not connections—decides opportunity.”

He added that the vision also includes a digitally connected country and sustainable environmental protection for future generations.

“This vision is within reach, but it requires our collective efforts.”

President Mahama concluded by reminding Ghanaians of the hope that accompanied the country’s independence 69 years ago.